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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 Volkswagen AG (50.7%).
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%).
If you're still waiting for a merger between the parent companies of VW and sports car maker Porsche to close, don't hold your breath. VW's CEO is warning that it may not happen at all. "The ...
The Volkswagen emissions scandal, ... including the Volkswagen Touareg, Porsche Cayenne, ... such as has happened at Volkswagen AG: ...
The Porsche Cayenne SUV has been a massive profit generator for Porsche -- and for the VW Group. Photo credit: Porsche Volkswagen Group reported a third-quarter pre-tax profit of 2.78 billion ...
Herbert Diess said that the two German brands have been given the go-ahead from parent company Volkswagen to join the biggest motorsports series. VW Boss Says Audi and Porsche Approved for Formula ...
NSU Motorenwerke AG, or NSU, was a German manufacturer of automobiles, motorcycles and pedal cycles, founded in 1873.Acquired by Volkswagen Group in 1969, VW merged NSU with Auto Union, creating Audi NSU Auto Union AG, ultimately Audi.