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Dr. Ing. h.c. F. Porsche AG Headquarters in Stuttgart Company type Public Traded as FWB: P911 DAX component OTC Pink: DRPRY ISIN DE000PAG9113 Industry Automotive Founded 1931 ; 93 years ago (1931) in Stuttgart, Germany Founder Ferdinand Porsche Headquarters Stuttgart, Germany Area served Worldwide Key people Wolfgang Porsche (chairman) Oliver Blume (CEO) Products Automobiles Production output ...
Under him and his successor as president of Volkswagen of America, J. Stuart Perkins, VW's U.S. sales grew to 569,696 cars in 1970, an all-time peak, when Volkswagen captured 7 percent of the U.S. car market and had over a thousand American dealerships.
Porsche SE was created in June 2007 by renaming the old Dr. Ing. h.c. F. Porsche AG, and became a holding company for the families' stake in Porsche Zwischenholding GmbH (50.1%) (which in turn held 100% of the old Porsche AG) and currently is the major shareholder in Volkswagen AG (31.3%) and holds the majority voting rights (53.1%).
After the Porsche 360 Grand Prix racing car was designed by Ferry Porsche with help from the engineers of his father's design office for Cisitalia in 1947, the company started manufacturing the Porsche 356, starting with the prototype Porsche 356/1 and then 356/2 in 1948 at a factory located at a saw mill in Gmünd, and later at a factory in ...
Using a reworked version of the Volkswagen Group's 2.0-litre inline-four EA888 Gen 3 engine used in multiple applications such as the Volkswagen GTI, Audi Q5, the Macan was the first Porsche to be powered by a four-cylinder since the Porsche 968, just preceding the four-cylinder Porsche 718 (Boxster and Cayman). This engine became offered ...
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