💨 Abstract

Stephan Weil, a 12-year veteran premier of Lower Saxony, Germany, plans to step down in May. Lower Saxony holds significant influence over Volkswagen, where it owns 11.8% of shares and has 20% voting rights, due to a special law. Weil is a member of VW's supervisory board, which is currently reducing costs.

Courtesy: theprint.in

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