We of WC-duck: Porsche supports the board of VW

Posted on 22-06-2016 at 11:58 pm by RubenPriest – 32 Comments”

Gosh.

Monday the news got out that Volkswagen is among the German magnifying glass. Justice is going to do research to ex-ceo Martin Winterkorn and the current board of Volkswagen. Today is an important shareholders ‘ meeting in Hanover of VAG and Porsche Automobil Holding SE said the management board of Volkswagen to support. I got you bro.

The voice of Porsche is important. The holding company has more than half of the voting rights. This means that if some parties oppose the current board, Porsche is powerful enough to this to silence. Smaller shareholders have to stick together to make any changes to bring about.

The meeting will be quite uncomfortable. It is the first time since the disclosure of the dieselschandaal that the shareholders come together. (via Reuters)