Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash [Yahoo! Finance Canada]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
NASDAQ:AMEX Investor Relations:
porsche-se.com/en/investor-relations
Company Research
Source: Yahoo! Finance Canada
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 five of its six western German assembly plants, has a 20% voting stake. In 1960, when the company was changed to a joint stock corporation, the so-called Volkswagen law was passed, handing significant influence to Lower Saxony and workers in a bid to protect the business from outside influence. WHAT DOES IT SAY? There are two critical clauses. Decisions that normally require at least a three-quarters majority at the ann
Show less
Read more
Impact Snapshot
Event Time:
POAHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
POAHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
POAHY alerts
High impacting PORSCHE AUTOMBL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
POAHY
News
- VW, union agree to cut 35,000 jobs in Germany, avert strikes [Yahoo! Finance Canada]Yahoo! Finance Canada
- Volkswagen getting closer to deal with labour leaders in bid to avert strike, sources say [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Volkswagen owner Porsche SE expects billions of euros in write-downs [Yahoo! Finance]Yahoo! Finance
- Porsche Automobil Holding SE (OTCMKTS: POAHY) was downgraded by analysts at UBS Group AG from a "hold" rating to a "strong sell" rating.MarketBeat
- From the lab to the market: These four U of T startups are solving global challenges with innovative solutions [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The