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Lower Saxony owns 11.8% of its shares and has 20% voting rights. Weil is also a member of the supervisory board at VW which is in the midst of slashing costs by cutting capacity and jobs.

VW Promised Continuity as Lower Saxony Set for New Leader By Andreas Rinke HANOVER, Germany (Reuters) -The likely new leader of the German state of Lower Saxony on Tuesday promised continuity in ...

HANOVER, Germany, April 1 (Reuters) - The likely new leader of the German state of Lower Saxony on Tuesday promised continuity in the oversight of Volkswagen after Social Democrat Stephan Weil ...

BERLIN (Reuters) -Veteran German Social Democrat (SPD) Stephan Weil plans to stand down as premier of the state of Lower Saxony after 12 years in office, two sources familiar with the matter told ...

HANOVER, Germany (Reuters) -The likely new leader of the German state of Lower Saxony on Tuesday promised continuity in the oversight of Volkswagen after Social Democrat Stephan Weil said he would ...