Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash [Yahoo! Finance]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
labour agreements with unions has put the spotlight on its unique governance and ownership structure that have drawn criticism from investors for years. Like other German conglomerates, the 87-year-old automaker is the result of decades of expansion and strategy shifts, resulting in an empire that stretches from mass-market SEATs to luxury Lamborghinis, as well as stakes in sports car maker Porsche AG and trucks firm Traton. WHAT'S THE VOLKSWAGEN LAW? The strong influence of workers dates back to the early days of Volkswagen before World War Two, when the Nazis built Volkswagen's main factory in Wolfsburg with money that came in part from assets expropriated from trade unions. This, and the use of forced labour, formed the financial basis of the company. After the war, the British, who were responsible for the plant at the time, decided to place trusteeship of the company in public hands. To this day, the state of Lower Saxony, where Volkswagen is based and where it operates
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News
- Volkswagen executive calls on EU to ease CO2 reduction targets [Yahoo! Finance]Yahoo! Finance
- Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash [Yahoo! Finance Canada]Yahoo! Finance Canada
- Porsche Automobil Holding SE (OTCMKTS: POAHY) is now covered by analysts at Sanford C. Bernstein. They set a "market perform" rating on the stock.MarketBeat
- Porsche SE eyes further investments in "attractive" market environment [Yahoo! Finance]Yahoo! Finance
- Messer Raises Largest Schuldschein of the Year in Debut Deal [BNN Bloomberg (Canada)]BNN Bloomberg
POAHY
Analyst Actions
- 8/20/24 - Sanford C. Bernstein
POAHY
Sec Filings
- 9/26/24 - Form F-6EF
- POAHY's page on the SEC website