Families that control BMW and VW face opposition to dividend payouts

Due to the coronavirus pandemic BMW's 2020 annual meeting at its Munich headquarters was held in a virtual format for the first time without the physical presence of shareholders or their proxies. (STADLERPHOTO.COM)

May 14, 2020 07:00 AM

FRANKFURT -- The billionaire families who control BMW and Volkswagen Group have become a stumbling block as German automakers seek to persuade the government to agree on incentives to revive demand for new cars.

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