Word: wolfsburg
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...appears that the terms merger and integration are being used interchangeably here. And, because of VW's bylaws alone, we are more than skeptical that the way for a merger can be made clear at all," he said at a conference in Wolfsburg on Thursday...
...Porsche's management found it easy to wind its way through capital markets to scoop up VW shares, it was less agile at negotiating the twists and turns in the political relationships needed to take control of a company like VW. The company is based in Wolfsburg in Lower Saxony and the state holds 20% of its shares, but through a law written just for VW, the so-called "Lex VW," the state cannot be outvoted. Lower Saxony's governor, Christian Wulff, a Christian Democrat who sits on the VW supervisory board, opposed a takeover of the company by Porsche...
Claudio Reyna has a unique perspective on European soccer. One of the first Americans to feature regularly in Europe, he captained Wolfsburg in the Bundesliga, led Manchester City in the English Premiership, and won a championship with Glasgow Rangers in Scotland; he's played against 11 of the national teams heading for Euro 2008, including Italy, whom the U.S. fought to a wild 1-1 draw in the last World Cup. "They are born tacticians," says Reyna of the Italians. "They force you into positions. Watching them defend as a national team, it's really...
...garden-shed boffins, finding a warmer welcome in the science museum than the art gallery. That's no bad thing, to judge from "Fantastical Mechanisms - Machines Tell Stories," the biggest exhibition of its kind in Europe since the '60s, on show at the dashingly futuristic Phaeno science center in Wolfsburg, Germany until June...
...been hailed as the greatest photographer of the 20th century, and the Jeu de Paume show - with more than 400 works on display - helps support the claim. This exhibition, surprisingly the first Steichen retrospective in Europe, continues until Dec. 30, before going to Lausanne, Zurich, Reggio Emilia, Madrid, Wolfsburg, New York and Toronto...