Featured White Papers
- The missing link: Driving business results through pay-for-performance (SuccessFactors, Inc.)
- Aug. 28th: Delivering Online Presentations That Result in Higher Sales (Citrix Online)
- The secret to effective, no-hassle performance reviews (SuccessFactors, Inc.)
Porsche ponders legal action against VW general assembly
AFP, April, 2008
 | Content provided in partnership with |  |
BERLIN (AFP) — The German luxury sports car maker Porsche said Friday it had formally opposed the results of a Volkswagen shareholders general assembly, a move that could allow it to later file a formal complaint.
"We have opposed them. We are therefore keeping all our options open for possible action later on," a Porsche spokesman told AFP.
The company now has four weeks during which it can file a formal complaint against the results the general assembly, which rejected a Porsche attempt to reduce leverage held over VW decisions by the German state of Lower Saxony.
Porsche owns 31 percent of the shares in VW, the biggest European carmaker, while Lower Saxony, where VW is based owns just over 20 percent.
Porsche, which wants to ...
