| Porsche is known for producing small but
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| | its root from Ferdinand Piech, who is a
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| immensely powerful engines. The same can
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| | member of the Porsche family. Piech was
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| be said about the company---small but
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| | also the former CEO of Volkswagen and now
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| powerful. Porsche is a German automaker
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| | hold the chair of the upper supervisory
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| renowned for its lines of sports car.
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| | board. And recently, in the most cunning
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| News has it that the German sports car
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| | display of power and influence, Piech and
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| maker is getting closer to its goal which
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| | Wiedeking have conspired to oust Bernd
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| is to control Europe's largest automaker,
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| | Pischetsrieder who is the former boss of
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| the Volkswagen Group. It should be noted
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| | BMW and VW CEO. He was replaced by Martin
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| that Porsche is one of the largest
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| | Winterkorn who is a protégé of Piech.
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| shareholders of Volkswagen with a total
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| | Piech has also previously worked at
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| of 27.4% and is planning to further
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| | Porsche where he was responsible for the
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| increase its stakes if not for the
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| | launching of the 917 racer. Afterwards he
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| Volkswagen Law.
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| | went to Audi and started the Quattro
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| The Volkswagen Law limits the voting
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| | revolution. When finally became the CEO
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| rights of shareholders in the company to
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| | of VW he foster quality turnaround which
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| 20% regardless of how large their owned
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| | helps VW and Audi to obtain a place in
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| shares are. Another provision on the VW
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| | the premium car segment. He also
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| law also gives the right to the State of
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| | introduced a platform strategy to control
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| Lower Saxony to appoint directors
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| | costs.
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| regardless of the fact that they are not
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| | There is a strong partnership between
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| the largest shareholder of the company.
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| | Porsche and Volkswagen not only because
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| The VW Law is nothing but unfair to
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| | of family but also of interest. Porsche
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| Porsche. This is also the very reason why
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| | wants to increase its stakes in
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| Porsche would like the VW Law to be
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| | Volkswagen to protect its investment and
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| abolished.
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| | also to make sure that its ongoing
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| The Volkswagen Law was ratified in 1960
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| | cooperative efforts with Europe's largest
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| during the time of privatization
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| | automaker will not be jeopardized. At
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| following the postwar. During that time
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| | present, the German sports car maker is
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| Volkswagen was rescued by the allied and
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| | sharing production facilities with
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| German authorities. The VW Law was
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| | Volkswagen. Europe's largest is also the
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| created to protect the company from any
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| | supplier of quality parts to Porsche like
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| form of takeover.
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| | Volkswagen pressure plate and others that
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| But currently the European Court of
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| | are used to build cars.
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| Justice has begun to criticize the VW Law
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| | Some of the vehicles produced by Porsche
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| stating that the law hinders the flow of
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| | in partnership with Volkswagen are
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| free capital which increases the
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| | Cayenne and Touareg SUVs. The upcoming
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| possibility for it being cancelled.
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| | Panamera sports sedan will have its body
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| Furthermore it is also expected that if
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| | built at the VW's Hanover plant and will
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| ever the law is repealed the State of
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| | use VW Audi electronic bus systems plus
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| Lower Saxony might sell some or its
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| | other parts such as safety electronics,
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| entire 20.8% stakes in Volkswagen and the
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| | infotainment, security and climate
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| probable buyer is none other than
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| | detecting gadgets.
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| Porsche.
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| | But according to some reports the
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| Wedelin Weideking, Porsche boss has
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| | interest of Porsche to Volkswagen goes
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| expressed his desire to increase the
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| | beyond pure business interest - some say
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| company's stake in Volkswagen to 8.6
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| | that Wiedeking thinks that he can do a
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| billion Euros or $11.2bn. But why does
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| | much better job than any of the bosses in
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| Porsche has such care for Volkswagen?
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| | VW. The ousting of Pischetsrieder is seen
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| Even before, Porsche has already have had
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| | by many as a means of slowly taking
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| a big influence at Volkswagen brought by
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| | control of Volkswagen.
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| the fact that part of Volkswagen takes
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