EU challenges German law protecting Volkswagen from hostile takeovers
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The European Union's head office decided Wednesday to take Germany to court to try to force changes in a German law protecting Volkswagen AG from hostile takeovers, according to an EU source.
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Negotiators from Volkswagen AG and Germany's biggest industrial union held a new round of wage talks Thursday, with the union threatening a flurry of short warning strikes if it doesn't get the job guarantees ...
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Bernd Pischetsrieder, the outgoing chairman of German car giant Volkswagen, has been entrusted with finding a solution to the bitter takeover battle between Swedish and German truck makers Scania and MAN, a VW spokeswoman said.
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A German law that protects Volkswagen from takeover breaks European Union rules, a top court official rules.
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The European Commission is set to rule that Spain broke EU laws when it put conditions on a German bid for a power firm.
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The European Court of Justice is expected to rule on Tuesday against the so-called "Volkswagen Law", paving the way for Porsche to take control of the continent's biggest carmaker.
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4,000 Volkswagen employees yesterday staged strikes against plans by the car manufacturer to freeze wages for two years. Volkswagen says it needs to cut costs because of competition from low-cost rivals, and
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"There is no decision on how we will proceed. We will take the decision to the supervisory board and this will be a decision for the supervisory board"  The European Union's highest court on Tuesday struck down a German law that shielded Volkswagen from takeover, paving the way for Porsche to take majority control of Europe's biggest carmaker. via Reuters
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The European Court of Justice is expected to strike down the so-called Volkswagen Law, created by Germanyâs government to protect the automaker from an unwanted takeover.
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BERLIN - Volkswagen AG&#39;s announcement this week that it has forged a new partnership deal with Malaysian carmaker Proton comes as a strong euro and Europe&#39;s weak economic performance triggers a fresh wave of German investment in Asia.
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German automaker Volkswagen AG would fight for its dominant position in the promising Chinese market by introducing new models, its chairman Bernd Pischetsrieder said Tuesday.
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Volkswagen AG, Europe&#39;s largest carmaker, wants German workers to agree to a two-year wage freeze to cut costs amid a stagnating market in place of the 4 percent yearly raise unions are demanding.
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Volkswagen AG, Europe's biggest automaker, said Friday it was open to labor union demands for job guarantees if employees agree to work longer for the same pay.
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FRANKFURT Representatives of Volkswagen and its labor union faced off across a table Wednesday, opening a round of negotiations that will be closely watched here as a test of how long German workers can preserve their privileged place in the global auto
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Europe&#39;s biggest carmaker said 30,000 jobs could be cut in Germany if unions do not agree to cost-cutting plans. Volkswagen is pushing for a wage freeze and more flexibility in working hours to counteract falling sales.
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Germany, with its high costs, reluctant consumers and restive auto workers, has become a major drag on the country's two largest carmakers, DaimlerChrysler and Volkswagen, which both reported mixed earnings on ...
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Volkswagen again threatened to move jobs abroad as management sat down with unions to resume wage talks at a time when Europe's biggest car maker is seeking to impose controversial and painful cost cuts on its workforce.