Compact: Move VW and Porsche AGM – THE WORLD

The exhaust scandal forces the Volkswagen Group to move its annual balance sheet and the shareholder meeting. The later dates were essential because “open issues related to the consequences of the exhaust subject matter and the resulting valuation issues,” VW said. For the original in the 10 March and 21 April scheduled appointments there would be “timely” new data. In addition, VW announced that 2015 operating profit was expected “to last year’s level” – but before the so-called special items such as the previously announced multi-billion provision for exhaust affair. The VW holding company Porsche SE, which holds 50 percent of voting rights in Europe’s largest carmaker, also shifts the presentation of its financial statements. The annual press conference of Porsche SE had been scheduled for 15 March and the Annual General Meeting scheduled for May 4. ‘/ P>

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