Porsche Automobil Holding SE, usually shortened to Porsche SE a Societas Europaea or European Public Company, is a German holding company with investments in the automotive industry.
Porsche SE is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Württemberg and is owned by the Piëch and Porsche families, and Qatar Holdings, through the Qatar Investment Authority (10%). It owns 50.7% of Volkswagen AG and 50.1% of Porsche Zwischenholding GmbH, which owns 100% of Dr. Ing. h.c. F. Porsche AG, the manufacturer of a range of sports cars and SUVs.
The company was founded as Dr. Ing. h. c. F. Porsche GmbH in 1931 by Ferdinand Porsche,an Austrian engineer born in Maffersdorf, during the time of the Austro-Hungarian Empire, and Porsche's son-in-law Anton Piëch, an Austrian lawyer.
Structure
Porsche SE was spun out of Dr. Ing. h.c. F. Porsche AG (Porsche AG) in June 2007, and became a holding company for its stake in Porsche Zwischenholding GmbH (50.1%) (which in turn holds 100% of Porsche AG) and Volkswagen AG (50.7%). Since December 2009, Porsche SE lost control Porsche Zwischenholding GmbH, which as a result is now a joint venture between Porsche SE and Volkswagen AG. In August 2009, Porsche SE and Volkswagen AG reached an agreement that the two companies would merge in 2011, to form an "Integrated Automotive Group".
Dr. Ing. h.c. F. Porsche AG (which stands for Doktor Ingenieur honoris causa Ferdinand Porsche Aktiengesellschaft), is responsible for the actual production and manufacture of the Porsche automobile line. The company currently produces Carrera (997), Boxster and Cayman sports cars, the Cayenne sport utility vehicle and the four-door Panamera. There are future models currently being developed by Porsche in Stuttgart, Germany.
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