Majority shareholder Wolfgang Porsche goes down hard with his company. „The biggest challenges I see in the Volkswagen brand. The administrative costs are high. We used bacon, „said Porsche today on the sidelines of the Geneva Motor Show. „I stand fully behind the board when it realigns the company.“
The vertical integration must be put to the test, VW can not do everything themselves and invent. The automaker trains 1,500 apprentices every year without knowing where they will be deployed. „We are not paradise, but a company. All investments have to pay off, „said Porsche. „As a shareholder, I can only emphatically point out that we need to become more flexible and efficient.“
The Group subsidiary „Audi is no longer profitable enough. The board now has to save more and make the company leaner, „demanded Wolfgang Porsche. New competitors from China would come onto the market, therefore also Audi would have to produce cheaper. „Audi has bacon attached. Bram Schot and the board have recognized this and steer against it. „
