Are you a fan of both Volkswagen and Porsche Did you know that Volkswagen owns Porsche This is just one of many interesting facts about the two companies. In this article, we will take a closer look at the relationship between Volkswagen and Porsche, and explore the history of how they came to be under the same umbrella.

Does Volkswagen Own Porsche

Yes, Volkswagen owns Porsche.

Does Volkswagen own Porsche?

Volkswagen AG is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. The company is the largest automaker by worldwide sales in 2016 and 2017. Porsche is a German automobile manufacturer specializing in high-performance sports cars, SUVs, and sedans. The company is headquartered in Stuttgart, Baden-Württemberg, Germany.

History

In 1951, Volkswagen purchased 50% of Porsche AG. In 1961, Volkswagen increased its stake in Porsche to 75%. In 1972, Volkswagen acquired full ownership of Porsche AG.

Current ownership

Volkswagen AG is the majority shareholder of Porsche AG, with a 50.7% stake. The Porsche family owns a 20% stake in Porsche AG. The remaining 29.3% of Porsche AG is held by institutional investors.

Business relationship

Volkswagen and Porsche have a close business relationship. Porsche vehicles are sold through Volkswagen dealerships. Volkswagen also uses Porsche engines in some of its vehicles.

Conclusion

Volkswagen AG is the majority shareholder of Porsche AG. The two companies have a close business relationship.

Also Read: What Does Volkswagen Mean

FAQs: Does Volkswagen Own Porsche?

Does Volkswagen own Porsche?

Yes, Volkswagen does own Porsche. The German automaker acquired the sports car brand in 2012 for $5.6 billion.

What was the reason for Volkswagen’s acquisition of Porsche?

Volkswagen acquired Porsche in order to expand its range of luxury vehicles. Porsche is a well-respected brand with a strong following, and Volkswagen believed that it could use Porsche’s expertise to develop new and innovative luxury vehicles.

How has Volkswagen’s acquisition of Porsche affected the two companies?

The acquisition of Porsche has been a positive experience for both companies. Volkswagen has been able to use Porsche’s expertise to develop new and innovative luxury vehicles, while Porsche has benefited from Volkswagen’s financial resources and global reach.

What are some of the challenges that Volkswagen has faced in owning Porsche?

One of the challenges that Volkswagen has faced in owning Porsche is the integration of the two companies’ cultures. Porsche is a more independent and entrepreneurial company than Volkswagen, and there has been some tension between the two companies’ management teams.

What is the future of Volkswagen’s ownership of Porsche?

The future of Volkswagen’s ownership of Porsche is uncertain. There have been rumors that Volkswagen may sell Porsche in the future, but there is no official word on this. It is likely that Volkswagen will continue to own Porsche for the foreseeable future.