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Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see
below Below may refer to: *Earth *Ground (disambiguation) *Soil *Floor *Bottom (disambiguation) *Less than *Temperatures below freezing *Hell or underworld People with the surname *Ernst von Below (1863–1955), German World War I general *Fred Below ( ...
), is a German automobile manufacturer specializing in high-performance
sports car A sports car is a car designed with an emphasis on dynamic performance, such as handling, acceleration, top speed, the thrill of driving and racing capability. Sports cars originated in Europe in the early 1900s and are currently produced by ...
s,
SUVs A sport utility vehicle (SUV) is a car classification that combines elements of road-going passenger cars with features from off-road vehicles, such as raised ground clearance and four-wheel drive. There is no commonly agreed-upon definitio ...
and
sedans A sedan or saloon (British English) is a passenger car in a three-box configuration with separate compartments for an engine, passengers, and cargo. The first recorded use of the word "sedan" in reference to an automobile body occurred in 19 ...
, headquartered in
Stuttgart Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Sw ...
,
Baden-Württemberg Baden-Württemberg (; ), commonly shortened to BW or BaWü, is a German state () in Southwest Germany, east of the Rhine, which forms the southern part of Germany's western border with France. With more than 11.07 million inhabitants across a ...
, Germany. The company is owned by
Volkswagen AG Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial ...
, a controlling stake of which is owned by
Porsche Automobil Holding SE Porsche Automobil Holding SE, usually shortened to Porsche SE (), is a German multinational corporation primarily known as a holding company of Volkswagen Group with investments in the automotive industry. Porsche SE is headquartered in Zuffenh ...
. Porsche's current lineup includes the 718 Boxster/Cayman, 911 (992),
Panamera The Porsche Panamera is a Mid-size car, mid/full-sized luxury car (E-segment/F-segment in Europe) manufactured and marketed by Germany, German automobile manufacturer Porsche across two generations using a front-engine design, front-engine, rear ...
, Macan,
Cayenne Cayenne (; ; gcr, Kayenn) is the capital city of French Guiana, an overseas region and department of France located in South America. The city stands on a former island at the mouth of the Cayenne River on the Atlantic coast. The city's m ...
and Taycan.


History


Origin

Ferdinand Porsche Ferdinand Porsche (3 September 1875 – 30 January 1951) was an Austrian-German automotive engineer and founder of the Porsche AG. He is best known for creating the first gasoline–electric hybrid vehicle (Lohner–Porsche), the Volksw ...
(1875–1951) founded the company called "Dr. Ing. h. c. F. Porsche GmbH" with
Adolf Rosenberger Adolf Rosenberger (Born: 8 April 1900 in Pforzheim, Germany. Died: 6 December 1967 in Los Angeles, California, USA) was a successful Jewish businessman who mainly raced Mercedes and Benz cars in the 1920s. His successes and records included w ...
and
Anton Piëch Anton Piëch (; 21 September 1894 – 29 August 1952) was an Austrian-German lawyer and the son-in-law of Ferdinand Porsche. He headed Volkswagenwerk GmbH between 1941 and 1945, which produced the Volkswagen vehicles ('' KdF-Wagen'') at the factor ...
in 1931. The main offices was at Kronenstraße 24 in the centre of
Stuttgart Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Sw ...
. Initially, the company offered motor vehicle development work and consulting, but did not build any cars under its own name. One of the first assignments the new company received was from the German government to design a car for the people; that is, a ''
Volk The German noun ''Volk'' () translates to people, both uncountable in the sense of ''people'' as in a crowd, and countable (plural ''Völker'') in the sense of '' a people'' as in an ethnic group or nation (compare the English term '' folk ...
swagen''. This resulted in the
Volkswagen Beetle The Volkswagen Beetle—officially the Volkswagen Type 1, informally in German (meaning "beetle"), in parts of the English-speaking world the Bug, and known by many other nicknames in other languages—is a two-door, rear-engine economy car, ...
, one of the most successful car designs of all time. The
Porsche 64 The Porsche 64, also known as the Type 64 and Type 60K10, is considered by many to be the first automobile from what was to become the Porsche company, and a true design precursor to the post-war production model. The model number comes from the ...
was developed in 1939 using many components from the Beetle. During
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
,
Volkswagen Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
production turned to the military version of the Volkswagen Beetle, the Kübelwagen, 52,000 produced, and Schwimmwagen, 15,584 produced. Porsche produced several designs for
heavy tank Heavy tank is a term used to define a class of tanks produced from World War I through the end of the Cold War. These tanks generally sacrificed mobility and maneuverability for better armour protection and equal or greater firepower than tanks ...
s during the war, losing out to
Henschel & Son Henschel & Son (german: Henschel und Sohn) was a German company, located in Kassel, best known during the 20th century as a maker of transportation equipment, including locomotives, trucks, buses and trolleybuses, and armoured fighting vehi ...
in both contracts that ultimately led to the
Tiger I The Tiger I () was a German heavy tank of World War II that operated beginning in 1942 in Africa and in the Soviet Union, usually in independent heavy tank battalions. It gave the German Army its first armoured fighting vehicle that mounted ...
and the
Tiger II The Tiger II is a German heavy tank of the Second World War. The final official German designation was ''Panzerkampfwagen'' Tiger ''Ausf''. B,''Panzerkampfwagen'' – abbr: ''Pz.'' or ''Pz.Kfw.'' (English: " armoured fighting vehicle"), ''Ausf.' ...
. However, not all this work was wasted, as the chassis Porsche designed for the Tiger I was used as the base for the
Elefant The ''Elefant'' (German for "elephant") was a heavy tank destroyer used by German Wehrmacht Panzerjäger during World War II. Ninety-one units were built in 1943 under the name Ferdinand, after its designer Ferdinand Porsche, using VK 45.01 (P ...
tank destroyer A tank destroyer, tank hunter, tank killer, or self-propelled anti-tank gun is a type of armoured fighting vehicle, armed with a direct fire artillery gun or missile launcher, designed specifically to engage and destroy enemy tanks, often ...
. Porsche also developed the
Maus ''Maus'' is a graphic novel by American cartoonist Art Spiegelman, serialized from 1980 to 1991. It depicts Spiegelman interviewing his father about his experiences as a History of the Jews in Poland, Polish Jew and The Holocaust, Holocaust su ...
super-heavy tank in the closing stages of the war, producing two prototypes. Ferdinand Porsche's biographer, Fabian Müller, wrote that Porsche had thousands of people forcibly brought to work at their factories during the war. The workers wore the letter "P" on their clothing at all times. It stood not for "Porsche", but for "Poland". At the end of World War II in 1945, the Volkswagen factory at KdF-Stadt fell to the British. Ferdinand lost his position as chairman of the board of management of Volkswagen, and Ivan Hirst, a British Army major, was put in charge of the factory. (In Wolfsburg, the Volkswagen company magazine dubbed him "The British Major who saved Volkswagen".) On 15 December of that year, Ferdinand was arrested for war crimes, but not tried. During his 20-month imprisonment, Ferdinand Porsche's son,
Ferry Porsche Ferdinand Anton Ernst Porsche (19 September 1909 – 27 March 1998), mainly known as Ferry Porsche, was an Austrian-German technical automobile designer and automaker-entrepreneur. He operated Porsche AG in Stuttgart, Germany. His fathe ...
, decided to build his own car, because he could not find an existing one that he wanted to buy. He also had to steer the company through some of its most difficult days until his father's release in August 1947. The first models of what was to become the 356 were built in a small sawmill in Gmünd, Austria. The prototype car was shown to German auto dealers, and when pre-orders reached a set threshold, production (with aluminum body) was begun by Porsche Konstruktionen GesmbH, founded by Ferry and Louise. Many regard the 356 as the first Porsche simply because it was the first model ''sold'' by the fledgling company. After production of the 356 was taken over by the father's Dr. Ing. h.c. F. Porsche GmbH in Stuttgart in 1950, Porsche commissioned a Zuffenhausen-based company, Reutter Karosserie, which had previously collaborated with the firm on Volkswagen Beetle prototypes, to produce the 356's steel body. In 1952, Porsche constructed an assembly plant (Werk 2) across the street from Reutter Karosserie; the main road in front of Werk 1, the oldest Porsche building, is now known as Porschestrasse. The 356 was road-certified in 1948.


Company logo

Wappen Volksstaat Württemberg (Farbe).svg, Weimar-era
Württemberg Württemberg ( ; ) is a historical German territory roughly corresponding to the cultural and linguistic region of Swabia. The main town of the region is Stuttgart. Together with Baden and Hohenzollern, two other historical territories, Württ ...
coat of arms A coat of arms is a heraldic visual design on an escutcheon (i.e., shield), surcoat, or tabard (the latter two being outer garments). The coat of arms on an escutcheon forms the central element of the full heraldic achievement, which in its ...
DEU Stuttgart COA.svg, Coat of arms of Stuttgart
Porsche's company logo stems from the coat of arms of the Free People's State of Württemberg of
Weimar Germany The Weimar Republic (german: link=no, Weimarer Republik ), officially named the German Reich, was the government of Germany from 1918 to 1933, during which it was a constitutional federal republic for the first time in history; hence it is als ...
of 1918–1933, which had
Stuttgart Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Sw ...
as its capital. (The Bundesland of Württemberg-Hohenzollern used the same arms from 1945 to 1952, while Stuttgart during these years operated as the capital of adjacent Württemberg-Baden.) The arms of Stuttgart appear in the middle of the logo as an
inescutcheon In heraldry, an escutcheon () is a shield that forms the main or focal element in an achievement of arms. The word can be used in two related senses. In the first sense, an escutcheon is the shield upon which a coat of arms is displayed. In the s ...
, for the company had its headquarters in Stuttgart. The heraldic symbols, combined with the texts "Porsche" and "Stuttgart", do not form a conventional
coat of arms A coat of arms is a heraldic visual design on an escutcheon (i.e., shield), surcoat, or tabard (the latter two being outer garments). The coat of arms on an escutcheon forms the central element of the full heraldic achievement, which in its ...
, since heraldic achievements never spell out the name of the
armiger In heraldry, an armiger is a person entitled to use a heraldic achievement (e.g., bear arms, an "armour-bearer") either by hereditary right, grant, matriculation, or assumption of arms. Such a person is said to be armigerous. A family or a cl ...
nor the armiger's home town in the shield. Württemberg-Baden and Württemberg-Hohenzollern both in 1952 became part of the present Bundesland of
Baden-Württemberg Baden-Württemberg (; ), commonly shortened to BW or BaWü, is a German state () in Southwest Germany, east of the Rhine, which forms the southern part of Germany's western border with France. With more than 11.07 million inhabitants across a ...
after the political consolidation of
West Germany West Germany is the colloquial term used to indicate the Federal Republic of Germany (FRG; german: Bundesrepublik Deutschland , BRD) between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 ...
in 1949, but the old design of the arms of Württemberg lives on in the Porsche logo. On 30 January 1951, not long before the formation of Baden-Württemberg, Ferdinand Porsche died from complications following a stroke.


Developments

In post-war Germany, parts were generally in short supply, so the 356 automobile used components from the Volkswagen Beetle, including the engine case from its
internal combustion engine An internal combustion engine (ICE or IC engine) is a heat engine in which the combustion of a fuel occurs with an oxidizer (usually air) in a combustion chamber that is an integral part of the working fluid flow circuit. In an internal co ...
,
transmission Transmission may refer to: Medicine, science and technology * Power transmission ** Electric power transmission ** Propulsion transmission, technology allowing controlled application of power *** Automatic transmission *** Manual transmission ** ...
, and several parts used in the
suspension Suspension or suspended may refer to: Science and engineering * Suspension (topology), in mathematics * Suspension (dynamical systems), in mathematics * Suspension of a ring, in mathematics * Suspension (chemistry), small solid particles suspende ...
. The 356, however, had several evolutionary stages, A, B, and C, while in production, and most Volkswagen-sourced parts were replaced by Porsche-made parts. Beginning in 1954 the 356s engines started utilizing engine cases designed specifically for the 356. The sleek bodywork was designed by
Erwin Komenda Erwin Komenda (6 April 1904 - 22 August 1966) was an Austrian automobile designer and Porsche employee, and a lead contributor to the design of the bodies for the VW Beetle and various Porsche sports cars. Erwin Komenda was born on 6 April 1904 ...
, who also had designed the body of the Beetle. Porsche's signature designs have, from the beginning, featured air-cooled rear-engine configurations (like the Beetle), rare for other car manufacturers, but producing automobiles that are very well balanced. In 1964, after a fair amount of success in
motor-racing Motorsport, motorsports or motor sport is a global term used to encompass the group of competitive sporting events which primarily involve the use of motorized vehicles. The terminology can also be used to describe forms of competition of tw ...
with various models including the 550 Spyder, and with the 356 needing a major re-design, the company launched the
Porsche 911 The Porsche 911 (pronounced ''Nine Eleven'' or in german: Neunelfer) is a two-door 2+2 high performance rear-engined sports car introduced in September 1964 by Porsche AG of Stuttgart, Germany. It has a rear-mounted flat-six engine and ori ...
: another
air-cooled Air-cooled engines rely on the circulation of air directly over heat dissipation fins or hot areas of the engine to cool them in order to keep the engine within operating temperatures. In all combustion engines, a great percentage of the heat ge ...
, rear-engined sports car, this time with a six-cylinder "boxer" engine. The team to lay out the body shell design was led by Ferry Porsche's eldest son,
Ferdinand Alexander Porsche Ferdinand Alexander Porsche (11 December 1935 – 5 April 2012), nicknamed "Butzi", son of Ferry Porsche, grandson of Ferdinand Porsche, was a German designer whose best known product was the first Porsche 911. While his grandfather and f ...
(F. A.). The design phase for the 911 caused internal problems with Erwin Komenda, who led the body design department until then. F. A. Porsche complained Komenda made unauthorized changes to the design. Company leader Ferry Porsche took his son's drawings to neighbouring chassis manufacturer Reuter. Reuter's workshop was later acquired by Porsche (so-called Werk 2). Afterward, Reuter became a seat manufacturer, today known as Keiper-Recaro. The design office gave sequential numbers to every project (See
Porsche type numbers Ferdinand Porsche founded his company ''Dr. Ing. h.c. F. Porsche GmbH, Konstruktionen und Beratungen für Motoren und Fahrzeugbau'' (Porsche) in April 1931 in Stuttgart. The company established a numeric record of projects known as the Type List. In ...
), but the designated 901 nomenclature contravened
Peugeot Peugeot (, , ) is a French brand of automobiles owned by Stellantis. The family business that preceded the current Peugeot companies was founded in 1810, with a steel foundry that soon started making hand tools and kitchen equipment, and then ...
's trademarks on all 'x0x' names, so it was adjusted to 911. Racing models adhered to the "correct" numbering sequence: 904, 906, 908. The 911 has become Porsche's most well-known model – successful on the race-track, in rallies, and in terms of road car sales. It remains in production; however, after several generations of revision, current-model 911s share only the basic mechanical configuration of a rear-engined, six-cylinder
coupé A coupe or coupé (, ) is a passenger car with a sloping or truncated rear roofline and two doors. The term ''coupé'' was first applied to horse-drawn carriages for two passengers without rear-facing seats. It comes from the French past parti ...
, and basic styling cues with the original car. A cost-reduced model with the same body, but with a 356-derived four-cylinder engine, was sold as the 912. In 1972, the company's legal form was changed from ''
Kommanditgesellschaft A (abbreviated "KG", ; from + ) is the German name for a limited partnership business entity and is used in German, Belgian, Dutch, Austrian, and some other European legal systems. In Japan, it is called a '' gōshi gaisha''. Its name derive ...
'' (KG), or limited partnership, to
Aktiengesellschaft (; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equ ...
(AG), or public limited company, because Ferry Porsche came to believe the scale of the company outgrew a "family operation", after learning about
Soichiro Honda was a Japanese engineer and industrialist. In 1948, he established Honda Motor Co., Ltd. and oversaw its expansion from a wooden shack manufacturing bicycle motors to a multinational automobile and motorcycle manufacturer. Early years Honda ...
's "no family members in the company" policy at
Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a producti ...
. This led to the establishment of an executive board with members from outside the Porsche family, and a supervisory board consisting largely of family members. With this change, most family members in the operation of the company, including F. A. Porsche and Ferdinand Piëch, departed from the company. F. A. Porsche founded his own design company,
Porsche Design Porsche Design is a German product design studio and brand founded in 1972 by F. A. Porsche, the designer of the original Porsche 911, known for its high-end accessories including sunglasses, pens, and watches. The current legal instantiation of ...
, which is renowned for exclusive sunglasses, watches, furniture, and many other luxury articles. Louise's son and Ferry's nephew
Ferdinand Piëch Ferdinand Karl Piëch (; 17 April 1937 – 25 August 2019) was an Austrian business magnate, engineer and executive who was the chairman of the executive board (''Vorstandsvorsitzender'') of Volkswagen Group in 1993–2002 and the chairman of th ...
, who was responsible for mechanical development of Porsche's production and racing cars (including the very successful
911 911 or 9/11 may refer to: Dates * AD 911 * 911 BC * September 11 ** 9/11, the September 11 attacks of 2001 ** 11 de Septiembre, Chilean coup d'état in 1973 that outed the democratically elected Salvador Allende * November 9 Numbers * 91 ...
,
908 __NOTOC__ Year 908 ( CMVIII) was a leap year starting on Friday (link will display the full calendar) of the Julian calendar. Events By place Byzantine Empire * May 15 – The three-year-old Constantine VII, the son of Emperor L ...
and
917 __NOTOC__ Year 917 ( CMXVII) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. Events By place Byzantine Empire * August 20 – Battle of Achelous: A Byzantine expeditionary fo ...
models), formed his own engineering bureau, and developed a five-cylinder-inline
diesel engine The diesel engine, named after Rudolf Diesel, is an internal combustion engine in which ignition of the fuel is caused by the elevated temperature of the air in the cylinder due to mechanical compression; thus, the diesel engine is a so-call ...
for Mercedes-Benz. A short time later he moved to Audi (used to be a division, then a subsidiary, of Volkswagen), and pursued his career through the entire company, ultimately becoming the chairman of Volkswagen Group. The first chief executive officer (CEO) of Porsche AG was Ernst Fuhrmann, who had been working in the company's engine development division. Fuhrmann was responsible for the so-called Fuhrmann-engine, used in the 356 Carrera models as well as the 550 Spyder, having Double overhead camshaft, four overhead camshafts instead of a central camshaft with pushrods, as in the Volkswagen-derived serial engines. He planned to cease the 911 during the 1970s and replace it with the V8 engine, V8-front-engine design, front engined grand sportswagon Porsche 928, 928. As we know today, the 911 outlived the 928 by far. Fuhrmann was replaced in the early 1980s by Peter W. Schutz, an American manager and self-proclaimed 911 aficionado. He was then replaced in 1988 by the former manager of German computer company Nixdorf Computer AG, Arno Bohn, who made some costly miscalculations that led to his dismissal soon after, along with that of the development director, Dr. Ulrich Bez, who was formerly responsible for BMW's BMW Z1, Z1 model, and was CEO of Aston Martin from 2000 to 2013. In 1990, Porsche drew up a memorandum of understanding with Toyota to learn and benefit from Japanese lean manufacturing methods. In 2004 it was reported that Toyota was assisting Porsche with hybrid electric vehicle, hybrid technology. Following the dismissal of Bohn, Heinz Branitzki, a longtime Porsche employee, was appointed as interim CEO. Branitzki served in that position until Wendelin Wiedeking became CEO in 1993. Wiedeking took over the chairmanship of the board at a time when Porsche appeared vulnerable to a takeover by a larger company. During his long tenure, Wiedeking transformed Porsche into a very efficient and profitable company. Ferdinand Porsche's nephew, Ferdinand Piëch, was chairman and CEO of the Volkswagen Group from 1993 to 2002 and is chairman of the Volkswagen AG Supervisory Board since then. With 12.8 percent of the Porsche SE voting shares, he also remains the second-largest individual shareholder of Porsche SE after his cousin, F. A. Porsche, which had 13.6 percent. Porsche's 2002 introduction of the Cayenne also marked the unveiling of a new production facility in Leipzig, Free State of Saxony, Saxony, which once accounted for nearly half of Porsche's annual output. In 2004, production of the Porsche Carrera GT, Carrera GT commenced in Leipzig, and at EUR 450,000 ($440,000 in the United States) it was the most expensive production model Porsche ever built. In mid-2006, after years of the Boxster (and later the Cayenne) as the best selling Porsche in North America, the 911 regained its position as Porsche's best-seller in the region. The Cayenne and 911 have cycled as the top-selling model since. In Germany, the 911 outsells the Boxster/Cayman and Cayenne. In May 2011, Porsche Cars North America announced plans to spend $80–$100 million, but will receive about $15 million in economic incentives to move their North American headquarters from Sandy Springs, a suburb of Atlanta, to Aerotropolis Atlanta, Aerotropolis, Atlanta, a new mixed-use development on the site of the old Atlanta Assembly, Ford Hapeville plant adjacent to Hartsfield-Jackson International Airport, Atlanta's airport. Designed by architectural firm Hellmuth, Obata and Kassabaum, HOK, the headquarters will include a new office building and test track. The facility will be known by its new address, One Porsche Drive. In October 2017, Porsche Cars North America announced the launch of introduce
Porsche Passport
, a new sports Vehicle subscription, car and SUV subscription program. This new offering allows consumers to access Porsche vehicles through subscribing to the service, rather than owning or leasing a vehicle. The Porsche Passport service is available initially in Atlanta. During the COVID-19 pandemic, in March 2020, Porsche suspended its manufacturing in Europe for two weeks, "By taking this step, the sports car manufacturer is responding to the significant acceleration in the rate of infection caused by the coronavirus and the resultant measures implemented by the relevant authorities." In August 2022, ''Bloomberg News'' reported that Porsche has lined up interest in subscription of its initial public offering for a valuation between US$6085billion. It is expected to be listed on Frankfurt Stock Exchange in September.


Relationship with Volkswagen

The company has always had a close relationship with, initially, the
Volkswagen Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
(VW) marque, and later, the Volkswagen Group (which also owns Audi, Audi AG), because the first
Volkswagen Beetle The Volkswagen Beetle—officially the Volkswagen Type 1, informally in German (meaning "beetle"), in parts of the English-speaking world the Bug, and known by many other nicknames in other languages—is a two-door, rear-engine economy car, ...
was designed by
Ferdinand Porsche Ferdinand Porsche (3 September 1875 – 30 January 1951) was an Austrian-German automotive engineer and founder of the Porsche AG. He is best known for creating the first gasoline–electric hybrid vehicle (Lohner–Porsche), the Volksw ...
. The two companies collaborated in 1969 to make the Porsche 914, VW-Porsche 914 and 914-6, whereby the 914-6 had a Porsche engine, and the 914 had a Volkswagen engine. Further collaboration in 1976 resulted in the Porsche 912E (US only) and the Porsche 924, which used many Audi components, and was built at Audi's Neckarsulm factory, which had been NSU Motorenwerke, NSU's. Porsche 944s were also built there, although they used far fewer Volkswagen components. The Cayenne, introduced in 2002, shares its chassis with the Volkswagen Touareg and the Audi Q7, which is built at the list of Volkswagen Group factories, Volkswagen Group factory in Bratislava, Slovakia.


Corporate restructuring

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 Volkswagen AG (50.7%). At the same time, the new Dr. Ing. h.c. F. Porsche AG (Porsche AG) was created for the car manufacturing business. In August 2009, Porsche SE and
Volkswagen AG Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial ...
reached an agreement that the car manufacturing operations of the two companies would merge in 2011, to form an "Integrated Automotive Group". The management of Volkswagen AG agreed to 50.76% of Volkswagen AG being owned by Porsche SE in return for Volkswagen AG management taking Porsche SE management positions (in order for Volkswagen management to remain in control), and for Volkswagen AG acquiring ownership of Porsche AG. As of the end of 2015, the 52.2% control interest in VW AG is the predominant investment by Porsche SE, and Volkswagen AG in turn controls brands and companies such as
Volkswagen Volkswagen (),English: , . abbreviated as VW (), is a German Automotive industry, motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a ...
, Audi, SEAT, Škoda Auto, Škoda, Bentley, Bugatti, Lamborghini, Porsche AG, Ducati, VW Commercial Vehicles, Scania AB, Scania, MAN SE, MAN, as well as Volkswagen Financial Services. Dr. Ing. h.c. F. Porsche AG (which stands for ''Doktoringenieur, Doktor Ingenieur honorary degree, honoris causa Ferdinand Porsche
Aktiengesellschaft (; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equ ...
''), as a 100% subsidiary of VW AG, is responsible for the actual production and manufacture of the Porsche automobile line. The company currently produces
Porsche 911 The Porsche 911 (pronounced ''Nine Eleven'' or in german: Neunelfer) is a two-door 2+2 high performance rear-engined sports car introduced in September 1964 by Porsche AG of Stuttgart, Germany. It has a rear-mounted flat-six engine and ori ...
, Porsche Boxster, Boxster and Porsche Cayman, Cayman sports cars, the
Cayenne Cayenne (; ; gcr, Kayenn) is the capital city of French Guiana, an overseas region and department of France located in South America. The city stands on a former island at the mouth of the Cayenne River on the Atlantic coast. The city's m ...
and Macan sport utility vehicles and the four-door
Panamera The Porsche Panamera is a Mid-size car, mid/full-sized luxury car (E-segment/F-segment in Europe) manufactured and marketed by Germany, German automobile manufacturer Porsche across two generations using a front-engine design, front-engine, rear ...
. Porsche AG has a 29% share in German engineering and design consultancy Bertrandt, Bertrandt AG and 81.8% of Mieschke Hofmann und Partner. In 2018, Porsche acquired a 10% minority shareholding stake of the Croatian Electric car, electric sportscar manufacturer Rimac Automobili to form a development partnership.


Initial public offering

In February 2022, Volkswagen AG had announced that it would examine the feasibility of a possible Initial public offering, IPO of Porsche AG. The share capital of Porsche AG has been divided into 50% Non-voting stock, non-voting Preferred stock, preference shares and 50% ordinary shares. Volkswagen AG will retain 75% of ordinary shares, while Porsche SE will acquire 25% of ordinary shares. Volkswagen AG will also retain 75% of preference shares, while 25% of preference shares (12.5% of share capital) will be sold during IPO, while Qatar Investment Authority has already committed to buy 4.99% of preference shares, leaving another 20.01% (10% of share capital), to other investors. As part of the preliminary offering, 113,875 thousand shares were sold at the upper limit of the price range - 82.5 euros. Thus, the value of the company was estimated at 75 billion euros. In the first hours of trading on the Frankfurt stock exchange on September 29, the share price rose to 84 euros.


Australian eFuel opperations

In April 2022, Porsche Australia announced they are planning to open an efuel manufacturing facility in the island state of Tasmania. The plant will be the first of its type in the country. The facility is to be named the HIF (Highly Innovative Fuels) Tasmania Carbon Neutral eFuel Plant. It is slated to open in 2026.


Production and sales

The headquarters and main factory are located in Zuffenhausen, a district in
Stuttgart Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the Sw ...
, where Porsche produces flat-6 and V8 piston engines. Cayenne and Panamera models are manufactured in Leipzig, Germany, and parts for the SUV are also assembled in the Volkswagen Touareg factory in Bratislava, Slovakia. Boxster and Cayman production was outsourced to Valmet Automotive in Finland from 1997 to 2011, and in 2012 production moved to Germany. Since 2011, the area of the Zuffenhausen plant has more than doubled, from 284,000 to 614,000 square metres, as a result of purchasing the former Layher, Deltona and Daimler sites, among others. In 2015, Porsche reported selling a total of 218,983 cars, 28,953 (13.22%) as domestic German sales, and 190,030 (86.78%) internationally. The company has been highly successful in recent times, and indeed claims to have the highest profit per unit sold of any car company in the world. Table of profits (in millions of euros) and number of cars produced. Figures from 2008/9 onwards were not reported as part of Porsche SE. On 11 May 2017, Porsche built the one-millionth 911. An Irish green Carrera S was built for the celebration, and it will be taken on a global tour before becoming a permanent exhibit at the Porsche Museum in Stuttgart. In August 2021, Porsche has confirmed that it will be setting up a production plant in Malaysia, the first country outside of Europe. Local assembly will be handled by Porsche Malaysia's partner, Sime Darby, which has been the official distributor of the Stuttgart-based company in Malaysia since 2010.


Production composition

Of the 246,375 cars produced in the 2017 financial year, 32,197 were 911 models, 25,114 were Boxster and Cayman cars, 63,913 were Cayennes, 27,942 were Panameras and 97,202 were Macans. Of the 268,691 cars produced in 2018, 36,236 were 911 models, 23,658 were 718 Boxster and Cayman cars, 79,111 were Cayennes, 35,493 were Panameras, 93,953 were Macans and 240 Taycan pre-series vehicles. Of the 272,162 cars produced in 2020, 34,328 were 911 models, 21,784 were 718 Boxster and Cayman cars, 92,860 were Cayennes, 20,015 Taycan vehicles.


U.S. sales

Porsche set a record for a U.S. sales month in November 2016, with over 5,500 sales, well on-pace to its best year ever.


Models

The current Porsche car model, model range includes sports cars from the Porsche Boxster, Boxster Roadster (automobile), roadster to their most famous product, the
911 911 or 9/11 may refer to: Dates * AD 911 * 911 BC * September 11 ** 9/11, the September 11 attacks of 2001 ** 11 de Septiembre, Chilean coup d'état in 1973 that outed the democratically elected Salvador Allende * November 9 Numbers * 91 ...
. The Porsche Cayman, Cayman is a
coupé A coupe or coupé (, ) is a passenger car with a sloping or truncated rear roofline and two doors. The term ''coupé'' was first applied to horse-drawn carriages for two passengers without rear-facing seats. It comes from the French past parti ...
otherwise similar to the Boxster. The
Cayenne Cayenne (; ; gcr, Kayenn) is the capital city of French Guiana, an overseas region and department of France located in South America. The city stands on a former island at the mouth of the Cayenne River on the Atlantic coast. The city's m ...
is Porsche's mid-size luxury sport utility vehicle (SUV). A high performance luxury sedan (automobile), saloon/sedan, the Panamera, was launched in 2009. :Note: models in bold are current models


Consumer models

* 356 *
911 911 or 9/11 may refer to: Dates * AD 911 * 911 BC * September 11 ** 9/11, the September 11 attacks of 2001 ** 11 de Septiembre, Chilean coup d'état in 1973 that outed the democratically elected Salvador Allende * November 9 Numbers * 91 ...
4-seat coupe, targa top, targa and cabriolet **Porsche 911 (classic), 911 (classic) **Porsche 930, 930 **Porsche 964, 964 **Porsche 993, 993 **Porsche 996, 996 **Porsche 997, 997 **Porsche 991, 991 **Porsche 992, 992 *Porsche 911 GT1, 911 GT1 Straßenversion *Porsche 912, 912 *Porsche 914, 914 *Porsche 918, 918 Spyder *Porsche 924, 924 *Porsche 928, 928 4-seat grand tourer *Porsche 944, 944 *Porsche 959, 959 *Porsche 968, 968 *Porsche Boxster, Boxster 2-seat Roadster (automobile), roadster **Porsche 986, 986 **Porsche 987, 987 **Porsche 981, 981 **Porsche 982, 982 *Porsche Carrera GT, Carrera GT *Porsche Cayman, Cayman 2-seat coupe **Porsche 987, 987 **Porsche 981, 981 **Porsche 982, 982 *
Cayenne Cayenne (; ; gcr, Kayenn) is the capital city of French Guiana, an overseas region and department of France located in South America. The city stands on a former island at the mouth of the Cayenne River on the Atlantic coast. The city's m ...
Mid-size Crossover (automobile), crossover SUV * Macan Compact Crossover (automobile), crossover SUV *
Panamera The Porsche Panamera is a Mid-size car, mid/full-sized luxury car (E-segment/F-segment in Europe) manufactured and marketed by Germany, German automobile manufacturer Porsche across two generations using a front-engine design, front-engine, rear ...
4- or "4+1"-seat liftback and shooting-brake estate car, estate * Taycan 4- or "4+1"-seat Sedan (automobile), sedan and shooting-brake estate Electric vehicle, EV File:2018 Porsche 718 Cayman S S-A 2.5 Front.jpg, Porsche Cayman File:2018 Porsche 718 Boxster S S-A 2.5 Front.jpg, Porsche Boxster File:Porsche Panamera 4 E-Hybrid (MSP17).jpg, Porsche Panamera File:Porsche Cayenne, IAA 2017 (1Y7A2256).jpg, Porsche Cayenne File:2019 Porsche Macan S-A facelift 2.0 Front.jpg, Porsche Macan File:2019 Porsche 911 Carrera S S-A 3.0 Front.jpg, Porsche 911 File:Porsche Taycan Turbo S IMG 3471.jpg, Porsche Taycan


Racing models

*Porsche 64, 64 *Porsche 360, 360 Cisitalia * 550 Spyder *Porsche 718, 718 *Porsche 787, 787 *Porsche 804, 804 *Porsche 904, 904 *Porsche 906, 906 *Porsche 907, 907 *
908 __NOTOC__ Year 908 ( CMVIII) was a leap year starting on Friday (link will display the full calendar) of the Julian calendar. Events By place Byzantine Empire * May 15 – The three-year-old Constantine VII, the son of Emperor L ...
*Porsche 909, 909 Bergspyder *Porsche 910, 910 *Porsche 911 GT1, 911 GT1 *
917 __NOTOC__ Year 917 ( CMXVII) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. Events By place Byzantine Empire * August 20 – Battle of Achelous: A Byzantine expeditionary fo ...
*Porsche 919 hybrid, 919 hybrid *Porsche 934, 934 *Porsche 934/5, 934/5 *Porsche 935, 935 *Porsche 936, 936 *Porsche 956, 956 *Porsche 961, 961 *Porsche 962, 962 *Porsche 963, 963 *Porsche 99X Electric *Porsche-March 89P *Porsche WSC-95, WSC-95 / LMP1-98 *Porsche LMP2000, LMP2000 (never raced) *Porsche RS Spyder, RS Spyder (9R6)


Prototypes and concept cars

*Porsche 114 *Porsche 356/1 *Porsche 695 (911 prototype) *Porsche 901 (911 prototype) *Porsche 916 (flat-6 914) *Porsche 942 *Porsche 959 prototype *Porsche 918, 918 RSR *Porsche 965 *Porsche 969 *Porsche 989 *Porsche Boxster concept *Porsche C88 *Porsche Panamericana *Porsche Boxster, Porsche Boxster E *Porsche Panamera, Porsche Panamera Sport Turismo concept *Porsche Mission E


Tractors

*Porsche Type 110 *Porsche AP Series *Porsche Junior (14 hp) *Porsche Standard (25 hp) *Porsche Super (38 hp) *Porsche Master (50 hp) *Porsche 312 *Porsche 108F *Porsche R22


Hybrid and electric vehicles

In 2010, Porsche launched the Porsche Cayenne S Hybrid, Cayenne S Hybrid and announced the Porsche Panamera S Hybrid, Panamera S Hybrid, and launched the Porsche 918 sports car in 2014, which also features a hybrid system. Also a plug-in hybrid model called the Porsche Panamera S E-Hybrid, Panamera S E-Hybrid was released in October 2013 in the United States and during the fourth quarter of 2013 in several European countries. Porsche developed a prototype electric Porsche Boxster called the Boxster E in 2011 and a hybrid version of the 911 called the GT3 R Hybrid, developed with Williams Grand Prix Engineering in 2010. In July 2014, Porsche announced the launch by the end of 2014 of the Porsche Cayenne S E-Hybrid a plug-in hybrid, which will displace the Cayenne S Hybrid from the lineup. The S E-Hybrid will be the first plug-in hybrid in the premium SUV segment and will allow Porsche to become the first automaker with three production plug-in hybrid models. In July 2017, Porsche installed its first 350 kW, 800V charging station, which the upcoming Porsche Taycan, Porsche Mission E will use. As of 2017, the Porsche charging station is the fastest electric vehicle charging station in the world, being able to charge a Porsche Mission E up to 80% within 15 minutes. Porsche is also currently working with other manufacturers to make Porsche charging stations compatible with other electric vehicles. In August 2018, Porsche announced that the formerly named Porsche Taycan, Mission E electric car will be named "''Taycan''" meaning 'leaping horse'. The prototype electric car is expected to be revealed in 2019 after its completion.


Aircraft engines

See Porsche PFM 3200.


Motorsport

Porsche has a record 19 outright wins at the 24 Hours of Le Mans. Porsche is currently the world's largest race car manufacturer. In 2006, Porsche built 195 race cars for various international motor sports events. In 2007, Porsche was expected to construct no fewer than 275 dedicated race cars (7 RS Spyder LMP2 prototypes, 37 GT2 spec 911 GT3-RSRs, and 231 911 GT3 Cup vehicles).


Pronunciation

In keeping with the family name of founder
Ferdinand Porsche Ferdinand Porsche (3 September 1875 – 30 January 1951) was an Austrian-German automotive engineer and founder of the Porsche AG. He is best known for creating the first gasoline–electric hybrid vehicle (Lohner–Porsche), the Volksw ...
, the company's name is pronounced in German, which corresponds to in English, homophone, homophonous with the feminine name ''Portia (disambiguation), Portia''. However, in English it is often pronounced as a single syllable —without a final . In German orthography, word-final is not silent e, silent but is instead an unstressed vowel, unstressed schwa.


Reputation

In a survey conducted by the The Luxury Institute, Luxury Institute in New York, Porsche was awarded the title of "the most prestigious automobile brand". Five hundred households with a gross annual income of at least $200,000 and a net worth of at least $720,000 participated. Porsche won the J.D. Power and Associates Initial Quality Study (IQS) in 2006, 2009, 2010, and 2014.


SUV reception

Porsche's 2003 SUV, the Cayenne, received generally favorable commentary. In 2015, US News ranked the Macan as the best luxury compact SUV in its class.


Reliability

A Canadian study in 2011 revealed that 97.4 percent of Porsches from the last 25 years are still on the road. In 2014, the Porsche Cayman, Cayman and Boxster made the ''Consumer Reports'' list for most reliable vehicles on the road. Porsche's 911 has been officially named by the TÜV (Technischer Überwachungsverein; Technical Inspection Association) as Germany's most reliable car.


See also

* CTS Fahrzeug-Dachsysteme * List of automobile manufacturers of Germany * List of Porsche engines * Akira Nakai * Porsche Club of America * Porsche VIN numbers


References


Notes


Bibliography

* * * * * * * *


External links

*
Porsche Automobil Holding SE
– the top-tier parent company
Porsche Newsroom
– Service by the Porsche Communication for journalists and the online community.
Porsche EngineeringPorsche ConsultingPorsche LeipzigCisitalia MuseumPorsche YouTube channel
{{Authority control Porsche, Car manufacturers of Germany Vehicle manufacturing companies established in 1931 Companies based in Stuttgart German brands Luxury motor vehicle manufacturers Sports car manufacturers Volkswagen Group Car brands German companies established in 1931 Companies formerly in the MDAX Companies listed on the Frankfurt Stock Exchange 2022 initial public offerings