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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]
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%).
Legal wrangling may delay Volkswagen's merger with Porsche, Volkswagen CEO Martin Winterkorn said. Volkswagen planned to complete a merger with Porsche in 2011.
Dr. Ing. h.c. F. Porsche AG Headquarters in Stuttgart Company type Public Traded as FWB: P911 DAX component ISIN DE000PAG9113 Industry Automotive Founded 1931 ; 94 years ago (1931) in Stuttgart, Germany Founder Ferdinand Porsche Headquarters Stuttgart, Germany Area served Worldwide Key people Wolfgang Porsche (chairman) Oliver Blume (CEO) Products Automobiles Production output 321,321 vehicles ...
Volkswagen (VOWG_p.DE) will name Matthias Mueller, the head of its Porsche sports car brand, as its chief executive, a source close to the matter said on Thursday, as the fallout from the U.S ...
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1 January 1969 (merger with NSU to Audi NSU Auto Union AG) Fate: acquired by Volkswagen, merged with NSU to create modern day Audi company. Successor: Auto Union GmbH (1949–1968) Audi NSU Auto Union AG (1969–1985) Audi AG (1985–present) Headquarters: Chemnitz (1932–1948) Ingolstadt (1949–1968) Neckarsulm/Audi NSU (1969–1985 ...
Volkswagen's listing of Porsche last Thursday, floating 12.5% of the sportscar brand on the stock market, prompted speculation of further listings as a means of unlocking value in the group that ...