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Germany's 'VW law', which protects Volkswagen from foreign takeovers and ensures a majority stake for public authorities and trade unions in Europe's biggest carmaker, has been labelled illegal by an advocate-general at the European Court of Justice (ECJ).
Porsche, the German luxury sports-car manufacturer, is holding a 27.4% share in Volkswagen. It would like to exercise more influence over Volkswagen, but is currently only exercising 20% of voting rights. Porsche is owned by the Porsche-Pi?ch family, which is closely linked to Volkswagen history.
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