Jun
29
VW’s Biggest Shareholder Welcomes $15 Billion U.S. Settlement
By-
Porsche Holding committed to remaining VW anchor shareholder
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U.S. settlement ‘important step’ toward exiting crisis
Volkswagen AG’s biggest shareholder said the $15.3 billion settlement with U.S. authorities over its cheating on emissions tests will remove a major roadblock toward a recovery from the scandal once final approval has been granted.
Porsche Automobil Holding SE, which owns 52 percent of Volkswagen’s voting stock, said it remains “fully committed to its role as VW anchor shareholder,” the company said at its annual shareholders meeting on Wednesday, a day after the settlement was announced…
VW’s Biggest Shareholder Welcomes $15 Billion U.S. Settlement
