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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]
A new plant is being built for Audi FAW NEV Company Ltd., which will build Audi EV's on the PPE platform & is majority (60%) owned by Audi and by VW China. Production is due to begin in 2024. 43°50′34″N 125°11′48″E / 43.84278°N 125.19667°E / 43.84278; 125.19667 ( FAW-Volkswagen Changchun
The two companies collaborated in 1969 to make the 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's.
J1: J1 Platform underpins the Porsche Taycan and Audi e-tron GT. It is derived from the MSB platform. [10] MEB: Modularer Elektrobaukasten is an electric car platform developed by Volkswagen Group. [11] [12] PPE: Premium Platform Electric for larger electric car models co-developed by Audi and Porsche. [13] [14]
After the launch of the Audi 100 of 1968, the Audi 80/Fox (which formed the basis for the 1973 Volkswagen Passat) followed in 1972 and the Audi 50 (later rebadged as the Volkswagen Polo) in 1974. The Audi 50 was a seminal design because it was the first incarnation of the Golf/Polo concept, one that led to a hugely successful world car.
Meanwhile, Porsche, owned by Volkswagen, said it would shrink its Chinese dealer network amid plunging profits and a 29% slide in sales in China in the nine months to September 30.
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%).
The 924 was originally designated for AUDI. Most Porsche 944 models were built there, although they used far fewer VW components. The Porsche Cayenne, introduced in 2002, shares its entire chassis with the Volkswagen Touareg and Audi Q7, and is built at the same Volkswagen factory in Bratislava that the other SUVs are built.