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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]
If the planned merger fails, there is the possibility that Volkswagen will increase its 49.9% stake in Porsche or switch to a put/call structure whereby Porsche sells its car-making assets to ...
Year code. 11: Factory code. 12: Third character of model type (read positions 7,8 and 12 together). 13: Body configuration code or leading digit of serial number. 14: First digit of serial number. 15: Second digit of serial number. 16: Third digit of serial number. 17: Fourth digit of serial number.
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Ferdinand Porsche opens a design office, the first stage of a business that will later become the eponymous sports car maker. Porsche, who designed the first VW Beetle, oversees the building of ...
The first Porsche car, the Porsche 64 of 1938, used many components from the Volkswagen Beetle. The 1948 Porsche 356 continued using many Volkswagen components, including a tuned engine, gearbox and suspension. The two companies continued their collaboration in 1969 to make the VW-Porsche 914 and Porsche 914-6. (The 914-6 had a 6-cylinder ...
Volkswagen announced its intention to float sportscar maker Porsche on Monday, marking a new phase in a sometimes fraught relationship between the two leading auto brands that goes back decades.