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Porsche

This article is about the automotive brand and manufacturer, Porsche AG. For the holding company that is the majority owner of Volkswagen Group, see Porsche SE. For other uses of Porsche, see Porsche (disambiguation).

Dr. Ing. h.c. F. Porsche AG
Company typePublic
FWB: P911[1]
DAX component
OTC Pink: DRPRY
ISINDE000PAG9113
IndustryAutomotive
Founded1931 (1931) in Stuttgart, Germany
FounderFerdinand Porsche
HeadquartersStuttgart, Germany
Area served
Worldwide
Key people
Wolfgang Porsche (chairman)
Oliver Blume (CEO)[2]
ProductsAutomobiles
Production output
Increase 321,321 vehicles[3] (2022)
ServicesAutomotive financial services, engineering services, investment management
RevenueIncrease €37.630 billion (2022)[3]
Increase €6.770 billion (2022)[3]
Increase €4.957 billion (2022)[3]
Total assetsDecrease €47.673 billion (2022)[3]
Total equityDecrease €17.027 billion (2022)[3]
Owners
Number of employees
39,162 (2022)[3]
Subsidiaries
Websitewww.porsche.com

Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (German pronunciation: [ˈpɔʁʃə] ; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. The company is owned by Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE. Porsche's current lineup includes the 718, 911, Panamera, Macan, Cayenne and Taycan.

The origins of the company date to the 1930s when Czech-German automotive engineer Ferdinand Porsche founded Porsche[5] with Adolf Rosenberger, a keystone figure in the creation of German automotive manufacturer and Audi precursor Auto Union,[6] and Austrian businessman Anton Piëch, who was, at the time, also Ferdinand Porsche's son in law. In its early days, it was contracted by the German government to create a vehicle for the masses, which later became the Volkswagen Beetle.[7] After World War II, when Ferdinand, a member of both the Nazi Party and the SS, would be arrested for war crimes, his son Ferry Porsche, an SS volunteer, began building his own car, which would result in the Porsche 356.

In 2009, Porsche entered an agreement with Volkswagen to create an 'integrated working group' by merging the two companies' car manufacturing operations.[8][9] By 2015, Porsche SE, the holding company spun off from the original Porsche firm, had a controlling interest in the Volkswagen Group, which included Audi and Lamborghini as subsidiaries.[10]

  1. ^ Raitano, Lucy (3 October 2022). "Porsche shares fall below IPO pricing". Reuters.
  2. ^ "The Board of Management of Porsche AG - All BOM members - Porsche USA". Porsche HOME - Porsche USA.
  3. ^ a b c d e f g "Annual and Sustainability Report 2022 Porsche AG.pdf" (PDF). Porsche Newsroom. 15 March 2023.
  4. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference Auto was invoked but never defined (see the help page).
  6. ^ Sherman, Don (9 August 2018). "The Story of Adolf Rosenberger". Hagerty. Retrieved 29 November 2023.
  7. ^ Cite error: The named reference :3 was invoked but never defined (see the help page).
  8. ^ Cite error: The named reference PorscheMerger was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  10. ^ Cite error: The named reference :5 was invoked but never defined (see the help page).

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