Tuesday, February 23, 2010

Company Cars Go Green

Germany's ultimate corporate perk—the high-octane autobahn cruiser—is about to get greener.

Under pressure to lower carbon emissions, German companies are pushing BMW AG, Mercedes and Audi to offer more fuel-efficient cars for employee use. The car makers, which rely on such sales for a big chunk of their profits, are scrambling to comply.

In Germany, it's not so much the bonus or office that makes the executive; it's his (or her) dienst wagen. More than a perquisite, what company car you drive says whether you've arrived and how far you've moved up the corporate ladder.

A common rite of passage ...

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