Porsche is produced in Germany.

Porsche (German: Porsche) is a car brand owned by the Porsche Holding Company, a subsidiary of the German Volkswagen Group. It is headquartered in Stuttgart and was founded by Ferdinand Porsche. Porsche is mainly famous for manufacturing sports cars and participating in motor sports. It is a brand of high-performance cars.

In the 20th century, German Porsche was considered to be one of the world's three major sports car manufacturers, along with Italy's Ferrari and Britain's Lotus (or later McLaren). Porsche Holding owns more than half of the Volkswagen Group's shares and is the largest shareholder, with 100% shareholder voting rights, but its revenue is calculated separately from the Volkswagen Group's revenue.

Extended information:

Historical development

1. Porsche established its office in 1931. During World War II, it was the designer and manufacturer of the early turret of the famous German Tiger II tank. In September 1948, it was expanded into an automobile manufacturer by his son Ferry Porsche, and Ferdinand continued to engage in design work.

2. In 1971, although the Porsche family was still the majority shareholder, it gradually withdrew from the business line. Engineer Ferdinand Piet and designer Ferdinand Alexander Porsche also left the company at the time.

3. In 2005, it acquired 20% of the shares of Volkswagen Group (VW AG), which has a long history.

4. In November 2008, it held about 43% of Volkswagen shares. However, in order to obtain the necessary rights later, it was decided to hold the shares when it was actually equivalent to an acquisition. Approximately 75% of Volkswagen shares.

5. On July 5, 2012, Volkswagen Group (Volkswagen) reached an agreement to acquire the remaining unheld shares of the Porsche factory owned by Porsche Holding AG, marking the end of the acquisition process that lasted for nearly three years. period.

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