BRUSSELS -- The European Commission has put off to next week a decision on whether to take further legal action against Germany over a law that protects car-maker Volkswagen AG from hostile takeovers, a spokesman said on Wednesday.
"The Commission postponed its decision by probably one week," Commission spokesman Jonathan Todd said, adding this was due to lack of time on Wednesday.
The European Union's executive has already warned Germany once that the VW law breaches the EU's rules on the fundamental freedoms of movement of capital and investment. But the German government has defended the law as vital to protect jobs at Europe's largest carmaker.
If Berlin refuses to change the law, it will have to defend its case in front of the European Court of Justice, the EU's highest court.