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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.

Takeover threat looms at VW, says its CEO-paper [Reuters]

VW Chief: Unbearable Headlines Damaging Image [internal]