New regulation - Company cars for top managers: VW imposes Porsche ban
Top-Managers at Volkswagen must give up on ordering Porsche models as company cars. A Volkswagen spokesperson stated on Sunday that it has not been possible to order a Porsche as a company car since the beginning of the year. This rule has been enforced since then. The reason is financial: "It is indeed a cost-saving measure." Approximately 200 employees are affected by this, according to information from the German Press Agency. Previously, the "Bild" newspaper reported this.
Volkswagen recently implemented an efficiency and cost-saving program. According to earlier reports, this program is expected to bring €4 billion in earnings improvement this year, €7 billion in 2025, and €10 billion per year starting in 2026. The spokesperson did not mention how much savings will result from the Porsche ban.
According to "Bild," only Porsche managers and board members are still allowed the company car privilege. However, there are already lawsuits against the Porsche ban at the Braunschweig Labor Court.
- Despite the Porsche ban, some individuals, such as Porsche managers and board members, continue to enjoy the company car privilege at Volkswagen.
- The decision to prohibit ordering Porsche models as company cars in Lower Saxony's Volkswagen plant is a financial move aimed at saving costs.
- As a result of the Porsche ban, approximately 200 employees at Volkswagen in Wolfsburg have been affected, according to reports from the German Press Agency and "Bild" newspaper.
- Volkswagen's restructuring program, initiated to boost earnings, has been estimated to bring €4 billion in profits this year, €7 billion in 2025, and €10 billion annually starting in 2026.
- Regarding the financial benefits of the Porsche ban, the Volkswagen spokesperson remained tight-lipped, choosing not to disclose the specific amount of savings expected.
