PORSCHE

Founded	1931
Founder(s)	Ferdinand Porsche
Headquarters	Stuttgart, Baden-Württemberg, Germany Atlanta, Georgia, USA
Area served	Worldwide
Key people	Ferdinand Oliver Porsche, Founder Wolfgang Porsche, Chairman Martin Winterkorn, President & CEO
Products	Automobiles
Services	Automotive financial services, engineering services
Revenue	€7,466 million (2007/8)
Operating income	€8,589m (2007/8)
Profit	€6,392m (2007/8)
Owner(s)	Porsche family Qatar Investment Authority (10%)
Employees	12,202 (2007)
Subsidiaries	Porsche Zwischenholding GmbH Volkswagen AG Porsche AG
Website	Porsche-SE.com

Porsche Automobil Holding SE, usually shortened to Porsche SE (German pronunciation: [ˈpɔʁʃə]) a Societas Europaea or European Public Company, is a German based holding company with investments in the automotive industry.

Porsche SE is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Württemberg and is owned by the Piëch and Porsche families, and Qatar Holdings, through the Qatar Investment Authority (10%). Through its investment in Porsche Zwischenholding GmbH, it owns 50.1% of Dr. Ing. h.c. F. Porsche AG, which is the manufacturer of a range of sports cars and SUVs, and 50.7% of Volkswagen AG.

The company was founded as Dr. Ing. h. c. F. Porsche GmbH in 1931 by Ferdinand Porsche, an Austrian engineer born in Maffersdorf, during the time of the Austro-Hungarian Empire, and Porsche's son-in-law Anton Piëch, an Austrian advocate.


Porsche SE was spun out of Dr. Ing. h.c. F. Porsche AG (Porsche AG) in June 2007 and became a holding company for its stake in Porsche Zwischenholding GmbH (50.1%) (which in turn holds 100% of Porsche AG) and Volkswagen AG (50.7%). Since December 2009, Porsche SE lost control Porsche Zwischenholding GmbH, which as a result is now a joint venture between Porsche SE and Volkswagen AG. In August 2009, Porsche SE and Volkswagen AG reached an agreement that the two companies would merge in 2011, to form an "Integrated Automotive Group".
Dr. Ing. h.c. F. Porsche AG (which stands for Doktor Ingenieur honoris causa Ferdinand Porsche Aktiengesellschaft), is responsible for the actual production and manufacture of the Porsche automobile line. The company currently produces Carrera (997), Boxster and Cayman sports cars, the Cayenne sport utility vehicle and the four-door Panamera. There are future models currently being developed by Porsche in Stuttgart, Germany.

Other subsidiaries and operating divisions include Porsche Consulting, Porsche Engineering, Porsche Design Group, Mieschke Hoffman (81.1%) and Bertrandt (25%).Porsche Engineering Group (PEG) has for many years offered consultancy services to various other car manufacturers. Audi, Mercedes, Opel, Studebaker, SEAT, Daewoo, Subaru, Zastava Automobiles and others have consulted Porsche Engineering Group for their cars or engines. The Lada Samara was partly developed by Porsche in 1984. Porsche Engineering Group also helped Harley-Davidson design the Revolution 60-degree v-twin water-cooled engine and gearbox that is used in their V-Rod motorcycle.

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