The Era Of The $70000 Luxury Pickup Truck - Jalopnik
National Highway Traffic Safety Administration Administrator Mark Rosekind said the U. S. vehicle safety watchdog is continuing to evaluate the automaker’s procedures and efforts outside the previously announced campaigns that date back to 2013.... Before being named administrator, he was a member of the National Transportation Safety Board — another safety agency which investigates aviation, marine and railroad accidents, He points to the NTSB as a model for the culture he hopes to instill... On this day in 1960, the German government passes the “Law Concerning the Transfer of the Share Rights in Volkswagenwerk Limited Liability Company into Private Hands,” known informally as the “Volkswagen Law. ] The Volkswagen Law, passed in July 1960, changed the company to a joint stock corporation, with 20 percent held each by Germany and Lower Saxony, the region in which Volkswagen is still headquartered. By limiting the share of any other stockholder to 20 percent, regardless of how many shares owned, the law effectively protected the company from any attempt at a hostile takeover. Source: jalopnik.com
