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Dr. Ing. h.c. F. Porsche AG Headquarters in Stuttgart Company type Public Traded as FWB: P911 DAX component ISIN DE000PAG9113 Industry Automotive Founded 1931 ; 94 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 321,321 vehicles ...
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%).
In July 2012, Volkswagen completed takeover of Porsche ending the four-year saga and formed an integrated automotive group with Porsche. Porsche AG would become the 10th brand of Volkswagen. The holding company Porsche SE was left with 31 percent of the subscribed capital of Volkswagen AG, and 50.7 percent of the voting rights in the company. [125]
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 ...
The Sudeten German surname Porsche can be traced to the 18th century in the area of Reichenberg, Bohemia (now Liberec, Czech Republic). [4] The surname originates with the German word Bursche ("boy, young man, apprentice, farmhand") and is on record in northern Bohemia in various spellings (Porsch, Borsche, Borsch, Bursche, Bursch, Pursch, Pursche, etc.) from the early 17th century.
Porsche’s volumes there hit a record of 95,000 vehicles in 2021 despite the still-raging COVID pandemic and a full year of the chip shortage that wreaked havoc with global car production.
Porsche and BMW aren't the only automakers to witness an alarming plunge in their Chinese sales in recent months. Volkswagen, Porsche's parent company, posted an 8.3% decline in sales in China ...
BMW, Mercedes-Benz and Porsche have suffered sliding sales in the world's largest car market amid rising competition from Chinese manufacturers. Luxury European automakers are getting crushed in China