10 Facts About Porsche SE

1.

Porsche Automobil Holding SE, usually shortened to Porsche SE, is a German multinational corporation primarily known as a holding company of Volkswagen Group with investments in the automotive industry.

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2.

Porsche SE is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Wurttemberg and is majority owned by the Austrian-German Porsche-Piech family.

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3.

Porsche SE was created in June 2007 by renaming the old Dr Ing.

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4.

Porsche SE's move came after the European Union announced that it intends to take steps against the Volkswagen Law.

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5.

Porsche SE dismissed the bid as a mere formality, since it was Porsche SE's intention to keep the corporate structure of the Volkswagen Group.

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6.

Porsche SE's move automatically triggered a bid for Scania AB, because VW AG already had a controlling position in the Swedish truck-maker.

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7.

On 5 July 2012, Volkswagen AG announced a deal with Porsche SE, resulting in VW's full ownership of Porsche AG on 1 August 2012.

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8.

Porsche SE AG becoming a holding company, renamed "Porsche SE Automobil Holding SE", and a new Dr Ing.

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9.

The supervisory board of Porsche SE finally agreed to a number of arrangements whereby the Qatar Investment Authority would inject a large amount of capital into Porsche SE, and Porsche automobile manufacturing business would be merged with Volkswagen Group.

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10.

In July 2010, Porsche SE AG appointed Volkswagen executive Matthias Muller to its new CEO position, moving Michael Macht to another executive position within Volkswagen AG.

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