In an interview with Germany's Braunschweiger Zeitung newspaper, Volkswagen boss, Bernd Pischetsrieder said VW investors could sell the company for scrap, considering its current financial trouble. A takeover threat, he says, won't come from rivals, who'd be bound to antitrust laws, but from hedge-fund or other such players who could acquire a common majority — though none could individually own more than 20% of shares. Then, Pischetsrieder said, they could exersize a majority opinion due to low attendance at shareholder meetings, and part out VW for more than the market cap. While a doomsday scenario doesn't seem likely, Pischetsrieder's messaging appears to be a warning to labor unions that the company is in dire need of compromise and to shareholders that complacency could be fatal to the company.
VW Chief: Unbearable Headlines Damaging Image [internal]