Named after Ferdinand Porsche, jr.
Porsche. (Austria/Germany) 1948 to date.
Update: Porsche requests approval for an increased stake in Volkswagen.
Dr. Ing. h.c. F. Porsche AG, Stuttgart, is intending to acquire a further 3.9 per cent of the ordinary shares of Volkswagen AG. To this end, the company has filed an application to the German Federal Cartel Office to request its approval of the planned increase of its stake. Acquisition of the shares would increase the sports car manufacturer's holding in VW from the present 21.2 per cent to 25.1 per cent of the voting rights, meaning that it would obtain a controlling minority in the Group. The Stuttgart company anticipates that the Cartel Office will approve its plans without delay. Porsche would be able to implement the intended stock purchase as soon as approval is granted. Notwithstanding, a decision as to when the measures to increase its stake will be put into place has not yet been made.
Porsche AG has been contemplating raising its stake since autumn 2005. In order to prevent any price risks, the company has concluded forward-rate agreements, which enable the ordinary shares to be purchased at a fixed price. Even without exercising this option, the sports car manufacturer is the largest single shareholder in Volkswagen AG.
(source: Porsche AG)
After his post-war release from internment in France, Ferdinand Porsche settled in Gmund, Austria, where he created the first Porsche cars, with 1086cc. VW-based engines and sporting light alloy roadster bodywork.
However, he found working conditions at Gmund too difficult, with shortages in materials, components and skilled labour. Porsche cars were then relatively cheap, and demand high, so, after building 50 of this original model 356, Porsche moved to Stuttgart-Zuffenhausen in Germany.
The rear-engined model 356 appeared in many guises, with engines from 1096cc to 1966cc; coupes, cabriolets, speedsters and convertibles were offered. It was succeeded by the 1965-69 Porsche 912, with a light-alloy 1582cc engine, still a flat-four; a year earlier, the famous ohc flat-six 1991cc Porsche 911 had made its debut, available from 1969 onwards with larger power units, of which the ultimate development was a 2993cc unit.
From 1972-75, the Carrera was available, with a 2687cc flat-six developing 260 bhp; it was concurrent with the 1969-75 mid-engined Porsche 914, available with fours of 1795cc and 1971cc or the 1991cc six.
The 1979 Porsche range consisted of the front-engined 924, with an in-line water-cooled four-cylinder engine of 1984cc, the rear-engined 911SC, with the 2993cc flat-six in 180 bhp form, the 911 Turbo, with a 3299cc six equipped with Bosch K jetronic fuel-injection, and the front-engined 928, with a 4474cc V-8 power unit.
(Vintage European Automobiles)
The Porsche badge.
The Porsche badge is essentially the coat of arms of the city of Stuttgart, which was built on the site of a stud farm - hence the horse. The antlers and red-and-black stripes are part of the arms of the Kingdom of Wurttemberg.
(Text taken from Car Magazine, July 1999. Written by Martin Buckley.)
The Porsche Premier Dealer Program identifies the top 25 Porsche Dealers in North America. It recognizes and rewards those Porsche Dealerships that best embrace the "Porsche Business Model" achieving the highest performance among their peers in Brand utilization, product representation and the development of key "Porsche business drivers"; and in doing so, succeed as independent entrepreneurs who routinely exceed the expectations of their Porsche customers.
Porsche's logo originated from the arms of its location, it is a combination of the arms of Weuttemberg...
...with the arms of stuttgart in the midlle, making the logo we see today (above).
Porsche 924. The basic 924 was initially launched in 1976 although special editions like the Martini (1977) and other variants such as the 924 turbo (1978), 924S (1986/7) and Le Mans (1988) were also built. It was the first Porsche to use a water cooled front mounted engine. Interestingly, the 924 was originally commissioned by Volkswagen (co-developed by Porsche). However, Volkswagen cancelled the project so Porsche bought the design and sold it under their own badge thus also making it the first "affordable" Porsche. Production of the 924 ceased in 1988. (available at Art Of Motoring).
Porsche 928. The Porsche 928 was launched as a "Grand Tourer" in 1977 and was voted "Car of the Year" in 1978. There were several variants such as the 928S, S2, S4, GT & GTS. In 1986, the 928 won the distinction of being the World's Fastest Production Car, earning the Land Speed Record at the Bonneville Salt Flats. The 928 was often referred to as a "shark" due to its shape, pop up headlights and the ability to "eat up miles". Production of the 928 GTS ceased in 1995. (available at Art Of Motoring).