VW general assembly sees heated exchanges on Porsche takeover
AFP, April, 2008
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HAMBURG, Germany (AFP) — Supporters and opponents of a mooted Porsche takeover of Volkswagen exchanged heated words Thursday in this northern port over proposed changes to how Europe's biggest carmaker is run.
The discussion on amending VW by-laws was marked by fierce argument both in and out of a conference centre where around 2,600 shareholders gathered.
A few dozen meters (yards) away, several hundred VW workers brought in by the IG Metall trade union heard works committee head Bernd Osterloh denounce "the dreams of omnipotence" of Porsche boss Wendelin Wiedeking and "the arrogance of an absolute monarch."
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A 54-year-old electrician at the main VW plant in Wolfsburg said "Porsche wants to split the group up and sell parts of it like Audi," the high-end auto brand owned by VW.
"Our fathers, our grandfathers worked for VW and contributed to its success," he said.
Dirk, ...
