Do Volkswagen own Porsche? Who is Porsche owned by?

Do Volkswagen own Porsche? Who is Porsche owned by? Volkswagen AG is an automotive giant that has far reaching tentacles across the globe. The German automaker has a full stable of brands, some of which are household names, others are less known. Many readers might be hard-pressed to name all of them.

Unsurprisingly, several have German roots, starting with the namesake Volkswagen brand sold in huge volumes around the world, along with the luxury Audi brand and iconic Porsche. But Volkswagen has owned Spanish brand SEAT since 1990 and the Czech brand Škoda since 2000. Britain’s Bentley and Italy’s Lamborghini were added to the company’s portfolio in 1998, along with the then-dormant French brand, Bugatti.

In 2019, Volkswagen experimented with its first sub-brand: JETTA, complete with its own dealer network, but only in China.

The Volkswagen Group is headquartered in Wolfsburg, Germany, but many of its brands center their operations elsewhere, while reporting back to the mother ship. Volkswagen Group is most known for making passenger vehicles, but it also owns heavy truck brands MAN and Scania, the latter once part of the company that also made Saab cars, as well as Ducati motorcycles, which is owned by Audi via Lamborghini.

Do Volkswagen own Porsche?

Yes, Porsche AG is owned by Volkswagen AG. The remaining 50.1% of Porsche AG that Volkswagen did not already control was purchased by the company in 2012. The outcome of a protracted and complicated relationship between the two businesses was this acquisition.

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Porsche started to extend its share in Volkswagen in the early 2000s. Porsche held a 49.9% interest in Volkswagen as of 2009. Porsche’s ultimate objective was to gain control of Volkswagen. However, Porsche’s finances were hampered by the 2008 global financial crisis. Volkswagen and Porsche came to an agreement in 2012.

Porsche’s ownership by Volkswagen has proven advantageous for both companies. Porsche’s technology and know-how have been used by Volkswagen to enhance its own vehicles. Contrarily, Porsche has benefited from Volkswagen’s scale and resources.

Today, two of the most prosperous automakers in the world are Porsche and Volkswagen. Porsche and Volkswagen have a strong and fruitful collaboration because to Volkswagen’s ownership of Porsche.

 Volkswagen own Porsche

Who is Porsche owned by?

Volkswagen AG is the owner of Porsche. In 2009, Volkswagen bought the majority of Porsche; the full takeover followed in 2012. The relationship between the two businesses is complicated and lengthy, with Porsche starting to buy Volkswagen stock in the early 2000s.

Porsche’s ownership by Volkswagen has proven advantageous for both companies. Porsche has profited from Volkswagen’s resources and scale, while Volkswagen has been able to use Porsche’s technology and know-how to better its own vehicles.

Porsche is a German automaker that specializes in sports vehicles, SUVs, and sedans with high performance. The brand is well-known for famous vehicles including the 911, Cayenne, and Taycan. Porsche automobiles are renowned for their powerful engines, plush interiors, and distinctive styling.

Volkswagen AG is a multinational German automaker with its headquarters in Wolfsburg. After Toyota, it is the second-largest automaker in the world in terms of production volume. Audi, Bentley, Bugatti, Cupra, Ducati, Lamborghini, Porsche, SEAT, koda, and Volkswagen are just a few of the car manufacturers owned by the Volkswagen Group.

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Volkswagen and Porsche have a very effective cooperation. Both businesses are leaders in the automotive industry and continue to create cutting-edge, captivating vehicles.

Does Porsche control Volkswagen?

No, Volkswagen is not under Porsche’s authority. Porsche AG is owned by Volkswagen AG. However, a majority of the voting rights in Volkswagen AG are held by the Porsche and Piech families, who run Porsche SE. Because of this, the Porsche and Piech families have a big say in Volkswagen AG, but they don’t run it.

The Volkswagen AG voting structure, which granted the Porsche and Piech families a majority of voting rights despite owning a minority of shares, was upheld by the European Court of Justice in 2013. The voting system, according to the court, was required to safeguard the Porsche and Piech families’ stake in Volkswagen AG.

The Piech and Porsche dynasties have utilized their voting privileges to sway Volkswagen AG’s strategy and choices. The Porsche and Piech dynasties, for instance, objected to Volkswagen AG’s intentions to split off the Porsche brand in 2022. However, Volkswagen AG finally decided to proceed with the successful spin-off.

Overall, Volkswagen AG is significantly influenced by the Porsche and Piech dynasties, but they do not have complete control over the business. Volkswagen AG is a stand-alone business with a separate management structure and board of directors.

Volkswagen own Porsche

When did VW take over Porsche?

Porsche AG was purchased by Volkswagen AG in 2012.

Volkswagen purchased a 49.9% share in Porsche AG in 2009. This was the outcome of a protracted and complicated history between the two businesses; Porsche started buying Volkswagen stock in the early 2000s.

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In 2012, Volkswagen and Porsche AG reached an agreement for Volkswagen to buy the remaining 50.1% of Porsche AG. In July 2012, this deal was finalized.

Porsche’s ownership by Volkswagen has proven advantageous for both companies. Porsche has profited from Volkswagen’s resources and scale, while Volkswagen has been able to use Porsche’s technology and know-how to better its own vehicles.

Today, two of the most prosperous automakers in the world are Porsche and Volkswagen. Porsche and Volkswagen have a strong and fruitful collaboration because to Volkswagen’s ownership of Porsche.

Is Porsche more valuable than VW?

It’s true that Porsche is currently worth more than Volkswagen. Porsche has a market capitalisation of €84 billion as of September 19, 2023, whereas Volkswagen has a market capitalization of €78 billion. This implies that on the stock market, Porsche is worth more than Volkswagen.

This is due to a few factors. Volkswagen is a mass-market brand, whereas Porsche is a luxury brand. Compared to mass-market goods, luxury brands often have higher profit margins. Second, Porsche is renowned for producing highly sought-after high-performance automobiles. Third, because Porsche is a relatively small business, it is more adaptable and simpler to run.

Volkswagen is still one of the biggest automakers in the world and has a high market value. But thanks to its success, Porsche is now worth more than its parent corporation.

It is crucial to keep in mind that market capitalisation is only one indicator of a company’s worth. The worth of a corporation is also influenced by other elements including sales, profitability, and assets.

 Volkswagen own Porsche

Above is information about Do Volkswagen own Porsche? Who is Porsche owned by?. Hopefully, through the above content, you have a more detailed understanding of Volkswagen own Porsche. Thank you for reading our post.

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