Porsche is a luxury car brand under the German Volkswagen Group. On the occasion of the 60th anniversary of Porsche's founding, Porsche was acquired by Volkswagen and officially became a subsidiary of the Volkswagen Group.
The relationship between Porsche and Volkswagen is very delicate. Porsche acquired Volkswagen that year and was later acquired by Volkswagen, but Porsche also controlled Volkswagen. After a series of takeovers and counter-takeovers, Porsche Holdings became the largest shareholder of the Volkswagen Group, controlling more than 50% of the shares. The former Porsche car was acquired by the Volkswagen Group and became a subsidiary of the Volkswagen Group.
At that time, Porsche Holding was the parent company of Porsche Cars. After Porsche Cars was acquired by Volkswagen, Porsche Holding bought Volkswagen.