How the Volkswagen Law and a Layered Ownership Web Shape Europe’s Largest Automaker
Volkswagen’s announcement of planned plant closures in Germany and an expanded round of around 100,000 job cuts has renewed attention on the company’s uncommon governance model. Rooted in post-war arrangements and codified in the 1960 Volkswagen law, the structure grants the state of Lower Saxony and labour representatives blocking power over major…