Did you know that Volkswagen actually bought Porsche It’s true! The German automaker acquired the sports car brand in 2012, and the two companies have been working together ever since. In this blog post, we’ll take a closer look at the history of Volkswagen’s acquisition of Porsche, and we’ll discuss some of the benefits that have come from this partnership.

When Did Volkswagen Buy Porsche

Volkswagen bought Porsche in 2012.

When did Volkswagen buy Porsche?

History of Volkswagen and Porsche

Volkswagen and Porsche are two of the most iconic brands in the automotive industry. Both companies have a long and storied history, and their relationship has been complex and ever-changing.

Volkswagen was founded in 1937 by the German government as a state-owned automaker. The company’s mission was to produce an affordable car for the masses, and the result was the Volkswagen Beetle. The Beetle quickly became a global success, and it helped to put Volkswagen on the map.

Porsche was founded in 1931 by Ferdinand Porsche. The company initially produced race cars, but it soon began to develop sports cars for the road. Porsche’s cars were known for their performance and handling, and they quickly became popular with enthusiasts.

In the 1950s, Volkswagen and Porsche began to work together on a number of projects. In 1964, Volkswagen acquired a 50% stake in Porsche. This partnership allowed Volkswagen to use Porsche’s expertise in sports car development, and it also helped Porsche to expand its production capacity.

In 2009, Volkswagen acquired the remaining 50% of Porsche, making it a wholly-owned subsidiary. This acquisition gave Volkswagen control of one of the world’s most prestigious sports car brands.

Volkswagen’s ownership of Porsche

Volkswagen’s ownership of Porsche has had a number of positive effects for both companies. Volkswagen has been able to use Porsche’s expertise to develop more advanced sports cars, such as the 911 and the Cayman. Porsche has also benefited from Volkswagen’s financial resources and global reach.

However, Volkswagen’s ownership of Porsche has also been controversial. Some critics have argued that Volkswagen is trying to stifle Porsche’s independence. Others have expressed concern that Volkswagen is using Porsche to prop up its own struggling business.

Despite the controversy, Volkswagen’s ownership of Porsche appears to be a mutually beneficial arrangement. Both companies are stronger together than they would be apart.

Conclusion

Volkswagen and Porsche are two of the most iconic brands in the automotive industry. Their relationship has been complex and ever-changing, but it has ultimately been a positive one. Volkswagen’s ownership of Porsche has allowed both companies to thrive, and it has helped to ensure that both brands will continue to be successful for many years to come.

Also Read: Which Volkswagen Stock To Buy

FAQs

When did Volkswagen buy Porsche?

Volkswagen acquired Porsche in 2012.

How much did Volkswagen pay for Porsche?

Volkswagen paid $56 billion for Porsche.

What was the reason for Volkswagen buying Porsche?

Volkswagen wanted to expand its range of luxury vehicles and Porsche was a leading manufacturer of sports cars.

What has happened to Porsche since being acquired by Volkswagen?

Porsche has continued to operate as a separate brand under Volkswagen, but has benefited from the increased resources and scale of the larger company.

What are some of the challenges facing Volkswagen and Porsche?

Volkswagen and Porsche face a number of challenges, including the need to meet increasingly stringent emissions regulations and the need to develop new technologies to stay ahead of the competition.