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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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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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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Porsche SE was created in June 2007 by renaming the old Dr Ing.
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Porsche SE's move came after the European Union announced that it intends to take steps against the Volkswagen Law.
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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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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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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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Porsche SE AG becoming a holding company, renamed "Porsche SE Automobil Holding SE", and a new Dr Ing.
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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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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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