Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash [Yahoo! Finance Canada]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Yahoo! Finance Canada
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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- Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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) was upgraded by analysts at Citigroup Inc. from a "hold" rating to a "strong-buy" rating.MarketBeat
- Sequoia Invests in German Weaponized Drone Startup Stark Defense [Yahoo! Finance]Yahoo! Finance
- Porsche Automobil Holding SE (OTCMKTS: POAHY) was downgraded by analysts at Barclays PLC from a "hold" rating to a "strong sell" rating.MarketBeat