| Closed Market –
17:35:17 28/06/2024 | Varies. 5j. | Varia. Jan 1 | ||
| 105,4 | +1,39 % | +0,67 % | -5,72 % | |
WOLFSBURG (dpa-AFX) – Top managers at Volkswagen must stop using Porsche models as company cars. Since the start of the year, it is no longer possible to order a Porsche as a company car, a Volkswagen spokesperson said on Sunday. Since then, this rule has been applied. It’s all about money: “It’s actually about cost reduction.” According to information from the German press agency, around 200 employees are affected. The newspaper “Bild” had already reported this information.
Volkswagen recently launched an efficiency and savings program. According to previous reports, it should improve the result by four billion euros this year, then by seven billion euros in 2025 and by ten billion euros per year from 2026. The spokesman did not specify how much the savings from the Porsche ban would be.
According to Bild, only Porsche executives and members of the group’s board of directors will retain the privilege of company cars. According to this report, complaints have already been filed with the Brunswick labor court against the ban on Porsche./tst/DP/nas
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Duration Auto. 2 months 3 months 6 months 9 months 1 an 2 ans 5 ans 10 ans Max.
Period Jour Week
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Volkswagen AG is a German-based company that manufactures and sells vehicles. The Group consists of two divisions: the Automotive Division and the Financial Services Division. The Automotive Division comprises the business segments Passenger Cars, Commercial Vehicles and Power Engineering. The division focuses on the development of vehicles, engines and vehicle software, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the activities related to genuine parts, heavy-duty diesel engines, turbomachinery and drivetrain components. The Financial Services Division focuses on dealer and customer financing, leasing, direct banking, insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
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Purchase
Average recommendation
ACCUMULATE
Last Closing Price
105,4
EUR
Average course objective
142,5
EUR
Gap / Average Objective
+35,22 %
Consensus
| Varia. Jan 1 | Capi. | |
|---|---|---|
| -5,72 % | 58,73 Md | |
| +27,00 % | 275 Md | |
| +3,23 % | 68,05 Md | |
| -12,30 % | 59,54 Md | |
| +29,34 % | 52,98 Md | |
| +17,33 % | 51,56 Md | |
| +2,87 % | 50,06 Md | |
| +44,96 % | 46,98 Md | |
| +26,81 % | 43,54 Md | |
| +65,76 % | 38,34 Md |
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