Gm Vs. Lopez: What The D.A. FoundJulie Tilsner
How much is Jose Ignacio Lpez de ArriortPound a worth to Volkswagen? About $8.40 a share, say Frankfurt burse mavens. That's how much they cut off VW shares Apr. 27, after Darmstadt district attorney Volkmar Kallenbach released an "interim report" on investigations into General Motors' complaint that its ex-purchasing supremo took confidential papers to VW in March, 1993. The probe of thousands of documents isn't complete. But Kallenbach confirmed that the haul contains sensitive data ranging from secret plans for a new small car at GM's Adam Opel division to details of cost-cutting for GM's U.S. cars. Lopez denies any wrongdoing; a VW spokesman, Andreas Meurer, insists: "At no time have [GM] data or documents been worked on at VW."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.