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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.
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 ...
Shares in Volkswagen's sportscar brand Porsche started trading on Thursday in what marks Germany's second-largest listing ever as well as a new phase in a sometimes fraught relationship between ...
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%).
In January 2009, Porsche SE became the largest shareholder of Volkswagen AG, and in March 2011, Porsche SE as well as the Porsche and Piëch families sold the ownership in the Austrian company, which had been reorganized into Porsche Holding GmbH (Porsche Holding Salzburg), to Volkswagen AG. Today, Porsche Holding Salzburg is the largest car ...
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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 ...