The Group consists of ten brands from five different European nations: Audi, Lamborghini, Bentley, Porsche, and Ducati. Volkswagen, Volkswagen Commercial Vehicles, A KODA, SEAT, and CUPRA are also included. The Volkswagen Group also has a large number of additional brands and business divisions, including financial services. Volkswagen Financial Services includes leasing, leasing for customers and dealers, banking, insurance, and fleet management services.
The Volkswagen Group is laying the groundwork for the biggest reform process in its history with its aNEW AUTO – Mobility for Generations to Comea Group strategy and future program: the realignment of one of the best automakers to become a leading provider of sustainable mobility on a global scale. To do so, the Group will change its core automotive business, which will include, among other things, the introduction of another 30 or more fully electric vehicles by 2025 and the expansion of battery technology and autonomous driving as new key businesses.
In This Article...
Porsche
Porsche is a name that is closely associated with fast sports automobiles. The Volkswagen Group owns the German company, which has its headquarters in Stuttgart.
Ferdinand Porsche established Porsche in 1931, originally working on other people’s cars like the Volkswagen Beetle. The 356, which shared many design cues with the original Beetle, including its rear-mounted air-cooled four-cylinder engine, was the first Porsche vehicle built under its own brand following World War II. The rear-mounted air-cooled 911, which was created as a roomier, more powerful, and more comfortable replacement for the 356, debuted in 1963 and over the course of eight generations has grown to become one of the most recognizable sports cars in the entire world.
The Porsche and Piech families’ voting-share ownership has made the corporate structure somewhat of a soap opera over the years, which was exacerbated worse when Porsche and Volkswagen both attempted to acquire each other in the early 2000s. There were intricate arrangements regarding who owned what at various corporate levels, but in the end, Porsche AG was owned and run by Volkswagen AG in 2012. A resolution was reached to consolidate their production activities.
Porsche’s lineup of vehicles also includes the Boxster, Cayman, and Panamera performance sedan in addition to the legendary 911. With the 2002 release of the Cayenne and the 2014 debut of the more compact Macan, the brand entered the SUV market. With the Taycan’s introduction last year, Porsche has also entered the market for high-performance electric automobiles.
Automotive Group
- International Fleet of the Volkswagen Group the Volkswagen Group Vehicle Air Service
Industrial:
Automobile Industrial Motors
Industrial Motor for Volkswagen
- China’s Volkswagen Group India Volkswagen Group American Volkswagen Group Automotive Group of Australia Canadian Volkswagen Group Malaysian Volkswagen Group Brazilian Volkswagen Ireland Volkswagen Group Italian Volkswagen Group South African Volkswagen Taiwanese Volkswagen Group UK-based Volkswagen Group
Volkswagen AG, also known as the Volkswagen Group internationally and with its headquarters in Wolfsburg, Lower Saxony, Germany, is a multinational automobile manufacturer. The business creates, produces, and sells motorcycles, passenger and commercial vehicles, engines, and turbomachinery in addition to providing related services including financing, leasing, and fleet management. It held the title of largest carmaker in the world in 2016 and continued to hold it in 2017, 2018 and 2019, selling 10.9 million vehicles. For more than 20 years, it has consistently held the greatest market share in Europe. On the 2020 Fortune Global 500 list of the biggest businesses in the world, it came in at number seven.
In addition to selling passenger cars under the Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Skoda, and Volkswagen names, the Volkswagen Group also sells motorcycles under the Ducati brand, light commercial vehicles under the Volkswagen Commercial Vehicles name, and heavy commercial vehicles under the names of listed subsidiary Traton. The Automotive Division and the Financial Services Division are its two main divisions, and as of 2008, it had roughly 342 subsidiary businesses. FAW-Volkswagen and SAIC Volkswagen are two other significant joint ventures for Volkswagen in China. The business operates in about 150 nations and has 100 production sites spread across 27 nations.
In 1937, Volkswagen was established in Berlin and incorporated in Wolfsburg with the goal of producing the car that would come to be known as the Beetle. In the 1950s and 1960s, the company’s production increased significantly. It purchased Auto Union in 1965, which went on to build the first Audi vehicles after World War II. In the 1970s, Volkswagen introduced a new line of front-wheel-drive cars, including the Passat, Polo, and Golf, which went on to become its best-selling model. SEAT became Volkswagen’s first non-German brand when the corporation acquired a controlling interest in it in 1986. Volkswagen also gained ownership of Skoda in 1994, Bentley, Lamborghini, and Bugatti in 1998, Scania in 2008, and Ducati, MAN, and Porsche in 2012. Over the past ten years, the company’s operations in China have expanded significantly, making China its largest market.
Volkswagen Aktiengesellschaft is a publicly traded business with secondary listings on the Luxembourg Stock Exchange and SIX Swiss Exchange in addition to its principal listing on the Frankfurt Stock Exchange, where it is a component of the Euro Stoxx 50 stock market index. Since 1988, it has been traded via American depositary receipts in the US; it is currently traded on the OTC Market. In 2013, Volkswagen ceased trading on the London Stock Exchange. 12.7% of the company’s shares are owned by the Lower Saxony government, giving it legally 20% of the voting rights.
The Porsche that was a Volkswagen
At the time, just 14 examples of the Porsche-built “VW 39” Volkswagen prototype were driven away from the Stuttgart-Zuffenhausen plant. One is still around. The model with chassis 1-00003 is currently on display in a museum in Hamburg.
This Volkswagen is a real Porsche, making it a significant piece of German auto history. In 1939, Ferdinand Porsche created the vehicle as a prototype and pre-series model. Unlike the previous VW prototypes made at Zuffenhausen, this one had a Type 64 engine in the back of the vehicle, which made it unique. It was made with the Berlin-Rome automobile in mind. The goal was to win the first long-distance race from Berlin to Rome in 1939 with this sports automobile. For this, the engine’s output was raised to 32 PS.
Ferdinand Porsche and his son frequently traveled between the production facility in Zuffenhausen, the Volkswagen plant in Wolfsburg, which was still under construction, and the capital Berlin in the VW 39 with this engine under the hood. With its more potent engine, the car had an exceptional top speed of 145 km/h at the time.
But this Volkswagen, known as the Pretzel Beetle because of how much its split back window resembled the well-known baked good, was not just notable for its engine. The Model 39 was created using machine tools for the first time in order to prepare for the intended serial manufacturing. Parts like the wings and arched bonnet were made using a body press, a production technique that would later be improved and adopted permanently. However, a reminder of this can still be seen on the VW 39 in the recognizable vertical fold on the back.
When the Volkswagen 39 with the chassis number 1-00003 rolled off the Porsche assembly line in Zuffenhausen, it was headed for the German Labor Front’s headquarters in Berlin. On its application there, little is known. It was probably staged as a show to pique customers’ interest. However, it is likely that the car was removed from the wreckage there after the war and sold to a collector in Hamburg in 1948. He continually repaired the car, kept it running with contemporary replacement parts, and painted the antique gray.
The wealthy Porsche and Piech family views its 53% ownership of Volkswagen as a key investment.
Despite market turbulence brought on by Russia’s war against Ukraine, VW intends to list the Porsche sports-car division.
After VW’s Porsche sports-car division is listed on the stock market, the wealthy Porsche and Piech families intend to maintain their controlling ownership of the Volkswagen Group.
Through their family investment company, Porsche Automobil Holding SE, the Porsche and Piech family owns a 53 percent stake in the Volkswagen Group.
According to Bloomberg Intelligence, Porsche SE intends to acquire a 25 percent blocking position in the anticipated Porsche IPO, which may fetch up to 90 billion euros ($99.1 billion).
According to Chief Financial Officer Johannes Lattwein on Tuesday, Porsche SE has a solid financial position and ample room to raise outside funding.
On a conference call with reporters, Lattwein stated that there are “no plans to lower the share in Volkswagen at this time.”
The IPO, the VW Group’s greatest strategic move in years, was being worked on by teams that were “very engaged,” he said.
Despite market instability brought on by Russia’s conflict against Ukraine, VW is still making plans to list the Porsche sports car division, one of VW’s major sources of profits.
The action is a part of VW’s aim to increase its market valuation and finance the largest transition in the industry to electric automobiles. It’s impossible to exclude out negative effects from the Ukrainian conflict on the IPO, according to Lattwein.
CEO Hans Dieter Poetsch, who is also the chairman of VW’s supervisory board, stated on the call that Porsche SE has “an great future ahead.”
“Cash flow is anticipated to increase even further, and the company can be expected to have both an attractive payout policy and an investment policy that is focused on the future.”
According to the agreement, the supply contracts between VW and Porsche would remain in effect, Poetsch added.
The Porsche and Piech families would be able to recover direct control over the sports car brand in what was formerly their family business under the present parameters of the IPO, which are still being negotiated.
The family would receive a 25 percent plus one share blocking minority holding under the proposed arrangement.
Lattwein said the Porsche and Piech families’ direct ownership of the brand would be financed in part by a special dividend VW had proposed.
ISIN
Porsche Automobil Holding SE is the sole largest shareholder of the Wolfsburg-based corporation, holding 53.3 percent of the company’s ordinary shares and 31.9 percent of its subscribed capital. Porsche SE sees itself as Volkswagen AG’s long-term anchor investment.
Ten companies, including Volkswagen, Volkswagen Commercial Vehicles, SKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche, and Ducati, are part of the Volkswagen Group, which is made up of five different European nations. The Volkswagen Group also provides a wide range of financial services, such as fleet management, leasing, banking, and insurance activities for both customers and dealers.
Does Volkswagen make Porsche?
Yes, technically. In 2011, Volkswagen acquired Porsche. Porsche was once considered a division of Volkswagen AG. In light of this, Volkswagen AG is the entity that owns Porsche.
Volkswagen produces Porsche engines, right?
Because Ferdinand Porsche created the original Volkswagen Beetle, the business has always maintained a tight link with the Volkswagen (VW) marque and eventually the Volkswagen Group (which also owns Audi AG).
The VW-Porsche 914 and 914-6, each with a Porsche engine and a Volkswagen engine, were created in collaboration by the two companies in 1969. The Porsche 912E (US only) and Porsche 924, which incorporated several Audi components and were produced at Audi’s Neckarsulm facility, formerly owned by NSU, were the products of more collaboration in 1976. There were also Porsche 944s produced, albeit with significantly less Volkswagen parts. The 2002-released Cayenne shares a chassis with the Audi Q7 and Volkswagen Touareg, both of which are produced at the Volkswagen Group plant in Bratislava, Slovakia.
Use VW components in Porsche?
A look at the principles that Porsche and its sister brands share. The Modular Mid-Engine Platform of the VW Group serves as the foundation for the 992. Despite being a Porsche-designed platform, it makes use of some production methods and the VW Group’s nomenclature conventions.
Why did Volkswagen decide to buy Porsche?
Another justification for Porsche’s purchase of Volkswagen stock was now clear: Porsche believed it was getting a good bargain and that the company was inexpensive.