Tension in Volkswagen Subsides, Wulff Prepares For a New Battle

In Germany: For the past couple of months, the German public has witnessed the power struggle between two of the biggest shareholders of Europe’s largest automaker, Volkswagen— Porsche and the State of Lower Saxony.

The European Union court has repealed the very controversial Volkswagen law which was designed to protect Volkswagen from any possible form of takeover. The State of Lower Saxony has made use of the Volkswagen law to limit Porsche’s control over the supervisory board of the company despite the fact that it holds the largest amount of stakes at Volkswagen. The Volkswagen law limits the voting rights of shareholders to 20% regardless of the number of stakes they own in Volkswagen.

After all efforts to stop Porsche from gaining control over Volkswagen–maker of the popular Volkswagen radiator fan and owner of Audi, Bentley, SEAT and Skoda—the Premier of Lower Saxony Christian Wulff has finally put down the red flag and said that he will no longer interfere with Porsche’s desire to takeover both the chairmanship and the third seat on the company’s supervisory board for the next couple of weeks. Such political move by the Lower Saxony marks the signal for Porsche to take full control of Europe’s largest automaker.

It should be noted that Porsche has been slowly increasing its holdings in Volkswagen from the time it has become a shareholder of the automaker in September 2005. And at present Porsche already owns 27.4% stakes and will be increasing after gaining the votes of other shareholders for it to purchase additional shares bringing its total holdings to 29.9%. However, Porsche said that it will only pursue such if the Volkswagen law is repealed since according to Wendelin Wiedeking, they want to be given enough right to take part over the day-to-day operations of the automaker plus a seat at the chairmanship.

In order to repeal the Volkswagen law, the European Union has illustrated the law as unnecessary and obsolete further saying that it hinders the flow of free capital. If in case a ruling would finally come out soon it would finally give the right to Ferdinand Piech to hold multiple positions–as a controlling shareholder of Porsche and as upcoming Volkswagen’s chairman of the board and at the same time holding the third supervisory board seat at VW for Porsche.

There are rumors circulating in the European investment circles which say that Wulff is not yet through with Porsche. According to a report from Inside Line sources, the “Big Bad” Wulff is currently having private meetings with the other investors in an attempt to oust Piech once his term on Volkswagen’s supervisory board comes up for renewal in April.

The victory of Porsche over its stern rival the Lower Saxony came at the time when Volkswagen announced its 2006 profit earnings had doubled as compared to what it has gained for 2005. The automaker has also announced that its vehicle sales across the group has increased by a sturdy 9.4% or 5.7 million contributed mainly by Audi, Bentley and Skoda.

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A Used Volkswagen – The Steps to Buying One

Sometimes when people are looking for a used vehicle they are very particular about the make of the vehicle. Sometimes there is just trust that one has in that particular make, and that person won’t drive anything else than that make. This is more common than you may think. A lot of people put their trust into Volkswagen vehicles, and you should put your trust into Volkswagen as well. They are a great company with great vehicles at a great price. To look for your Used Volkswagen you should follow the steps provided.

If you are looking to buy a nice, sporty looking vehicle with a hatchback door in the rear then the Used Volkswagen Golf Hatchback may be for you. To look at many different Volkswagen Golf Hatchback vehicles you should visit many websites. These sites will allow you to look at many different vehicles in a short amount of time. When you get on the web site you should look all the way to the right of the web site page. There will be a search there, and that’s where you put in your search for a Volkswagen Golf.

When you hit the ‘show results’ button you will be provided many different Used Volkswagen Golf vehicles to choose from. All of the vehicles may look the same except for the color, but that does not mean that each car is the same. Each car may have different features and just because one Volkswagen Golf Hatchback has a certain feature, it doesn’t mean that another one will have that same feature. Make sure the vehicle you are looking at has all the features you want your car to have.

Price is usually a pretty big deal when looking to buy a used vehicle, and that’s why a Used Volkswagen can be so great. The price that Volkswagen vehicles go for are generally quite low, and you should never have a problem finding a Volkswagen out of your price range. If you found a vehicle you are interested in then you should click on the link of that particular vehicle for more information.

Volkswagen’s Europe Events

In Berlin: Starting February 9 to 17 guests to the Berlin International Film Festival can take part on a city tour with a twist as Volkswagen takes them to a Film Location Tour. The said tour will take visitors to a journey through Berlin’s film history. Visitors will get to see where Horst Buchholz’s motorbike hit the road in Billy Wilders’ world-famous movie “One, Two, Three”, where Liza Minnelli sang her heart out in “Cabaret”, where Jackie Chan created havoc in “Around the World in 80 Days”, where James Bond ensnared the delectable “Octopussy” or where “Lola” ran—all these and other more surprises awaits visitors.

Two Volkswagen vehicles are to be utilized for the said tour, the Volkswagen Bus and Volkswagen Multivan which are both provided by Volkswagen Commercial Vehicles and are to fetch guests from Bellevue Strasse at the Sony Center. The guided tour is free of charge and scheduled to start at 9 am, midday and 3 pm. The tour is a first come, first served basis. Visitors are advised to make advanced registration at the “Volkswagen Startklar” located within the Sony Center.

All scheduled tours are accompanied by guides who will ensure that guests are entertained and secured. The guides will also give two hours of background info and anecdotes about the films and locations visited. According to Christiane Krebs-Hartmann, Head of Public Relations, “We are delighted that our vehicles are taking film enthusiasts to the locations where famous films were made. The Volkswagen Film Location Tour brings mobility to film history.”

For all journalists’ visitors, Volkswagen is going to offer special tours which starts at 11 am and 2 pm respectively for all accredited Festival journalists. The meeting place for the said tour is at Volkswagen Startklar that is within the Sony Center.

A Volksbus which is a very special Volkswagen model will takes the press representatives to various film locations. The Volksbus is a 12-meter VIP bus built in Brazil by the Volkswagen Commercial Vehicles’ subsidiary Volkswagen Trucks and Buses. It is equipped with quality Volkswagen OEM parts [http://www.dubautoparts.com/volkswagen-oem-parts.html]. The VIP bus is powered by 320 hp Cummins diesel engine and can accommodate 32 guests. It is also fully air-conditioned plus with an exclusively designed interior. Its multi-function leather seats are adjustable to meet individual comfort requirements thus creating an ideal condition for learning Berlin’s film history.

In other news: Belgium Volkswagen says it’ll guarantee 22 hundred jobs at its Belgium plant if employees are commendable to work extra hours without the added pay. If in case, employees will agree on the automaker’s term it will keep the plant open after it phases out current production of the Golf. According to the automaker the plant will produce Polos and Audis after 2008, plus the new Audi small car. The factory would then concentrate in building Audis. Volkswagen is still waiting for its workers decision this month.