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Dr.-Ing. h.c. F. Porsche AG, usually shortened to Porsche AG, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. Porsche AG is headquartered in Stuttgart, and is owned by Volkswagen AG, which is itself majority-owned by Porsche Automobil Holding SE. Porsche’s current lineup includes the 718 Boxster/Cayman, 911, Panamera, Macan and Cayenne.
Stuttgart, Baden-Württemberg, Germany
Porsche Automobil Holding SE, generally abbreviated to Porsche, is a German holding organization with ventures in the car business. Porsche SE is headquartered in Zuffenhausen, a city locale of Stuttgart, Baden-Württemberg and is possessed by the Porsche families. The organization was established in Stuttgart as Dr. Ing. h.c. F. Porsche Gmbh in 1931 by Ferdinand Porsche (1875–1951), his child in-law Anton Piëch (1894–1952). Porsche SE was the manager of Dr. Ing. h.c. F. Porsche AG (Porsche AG), and in June 2007 turned into a holding organization for its stake in Porsche Zwischenholding Gmbh (50.1%) (which thus held 100% of Porsche AG) and Volkswagen AG (50.7%). In August 2009, Porsche SE and Volkswagen AG arrived at an assention that the two organizations might consolidate in 2011, to structure an “Incorporated Automotive Group”.
The administration of Volkswagen AG, which had opposed giving up the ability to control, consented to be claimed (50.7% of Volkswagen AG customary shares with voting rights) by Porsche SE in exchange for VW getting control of Porsche AG. As of the end of 2013, the 50.7% control enthusiasm toward VW AG is the overwhelming financing by Porsche SE, and Volkswagen AG thusly controls brands and organizations, for example, Volkswagen, Audi, SEAT, Škoda, Bentley, Bugatti, Lamborghini, Porsche AG, Ducati, VW Commercial Vehicles, Scania, MAN, and Volkswagen Financial Services. Dr. Ing. h.c. F. Porsche AG (which remains for Doktor Ingenieur honoris causa Ferdinand Porsche Aktiengesellschaft), is answerable for the genuine preparation and assembling of the Porsche auto line. The organization as of now transforms Porsche 911, Boxster and Cayman sports autos, the Cayenne and Macan sport utility vehicles and the four-entryway Panamera.