Porsche is a type of Societas Europaea, which is traded as FWB: PAH3. It is an automobile manufacturing industry, founded in the year 1931 in Stuttgart, in Germany. It was founded by Ferdinand Porsche and its headquarters is located in Stuttgart, in Baden-Wurttemberg, in Germany. It is serving across worldwide and its key people are Wolfgang Porsche who is the chairperson and Martin Winterkorn as Chief Executive Officer and President. Its products is mainly about automobiles. The production output is about 127793 units, and it serves in the field of engineering services and in automobile financial services. The total revenue in the year 2011 was 10928 million Euros, and operating income of 2045 million Euros in 2011. The owner of Porsche is Volkswagen AG and it employees to around 15307 people in the year 2012. It subsidiaries are such as Porsche AG, Porsche India, Porsche Zwischenholding GmbH.
Porsche Automobile Holding SE is usually made shorten to Porsche, which is a German Holding Company with its investments in the industry of automobile.
Through the 10 % of Qatar Investments Authority of Qatar Holdings, Porsche is wholly owned by the Porsche and Piech families. The voting rights of about 50.73 % is owned by Porsche in Volkswagen AG, and Porsche Zwischenholding GmbH of about 50.1 % that owns Dr. Ing H.C.F. Porsche AG’s 100 %, the maker of a range of Sports Utility Vehicles and sports cars.
On the month of July in the year 2012, Volkswagen AG announced that its plan of taking over the automotive company Porsche completely that bears the name same, but it is only a Porsche SE’s subsidiary.
As Dr. Ing. H.C.F. Porsche GmbH, the company was founded by Ferdinand Porsche in Stuttgart in the year 1931, who was an Austrian engineer, in Maffersdorf he was born, during the Austro-Hungarian Empire time, and son in law of Porsche’s Anton Piech, who was an Austrian Lawyer.
The owner of Dr. Ing. H.C.F. Porsche AG i.e. Porsche AG was Porsche SE, and on the month of June in the year 2007 it developed as a holding corporation for its stakes of about 50.1 % in Porsche Zwischenholding and 50.7 % of Volkswagen AG. Volkswagen AG and Porsche SE on the August Month in the year 2009 reached an agreement, which states that 2 companies would form as one in the year 2011, for forming an IAG i.e. Integrated Automotive Group. In the year 2009 on the December month, the Zwischenholding GmbH’s control was lost by Porsche SE that resulted in to the formation for new mutual business enterprise between Volkswagen AG and Porsche SE. As of 5th of July month in the year 2012, about 50.1 % of stake is about to take over by Volkswagen in capital of Porsche, which doesn’t already had control from Porsche SE’s holding company for about 4.46 billion Euros plus one share of Volkswagen.
The company Dr. Ing. H.C.F. Porsche AG which was founded by Ferdinand Porsche, is the one responsible for the actual manufacture and production of the automobile line of Porsche. Presently the company manufactures Cayman, Boxster, and Porsche 911 sports car, 4 door Panamera, and the Sport Utility Vehicle Cayman.
Subsidiaries of Porsche
Other operating and subsidiaries divisions of Porsche includes Porsche Design Group, Porsche Engineering, Porsche consulting, Mieschke Hofmann under the partnership of about 81.1 %, and 25 % of stakes of Bertrandt.
PEG i.e. Porsche Engineering Group has for years of many offered services of consultancy to numerous other manufacturers of car. Mercedes, Audi, Studebaker, Opel, Daewoo, SEAT, Zastava Automobiles, Subaru and others have referred to PEG i.e. Porsche Engineering Group in place of their engines or cars. In the year 1984, Porsche developed the Lada Samara by partly. Porsche engineering Group correspondingly helped the design of Harley Davidson’s revolution 60 degrees v dual water cooled gearbox and engine, which is used in their motorcycle’s V rod.
History of Porsche
In the year 1931 the company Dr. Ing. H.C.F. Porsche GmbH was founded by Ferdinand Porsche, with major offices in the Stuttgart’s centre at KronenstraBe 24. At the starting, the company offered consulting and development work of motor vehicle, but didn’t constructed any cars below their own brand name. The new company’s one of the very 1stassignments was from government of German to design a people’s car that is the company Volkswagen. This lead to the development of the model Volkswagen Beetle, which was one of the successful most designs of car of all the time. The model Porsche 64 was established in the year 1939, which uses Beetle‘s many components.
The production of Volkswagen during World War II turned to the version of military of the Volkswagen’s Beetle, in which 52000 units were produced in the Kubelwagen, and 14000 units were produced in the Schwimmwagen. Porsche designed numerous designs during the war for heavy tanks, losing out contracts to Henschel & Son that resulted to the Tiger II and Tiger I. On the other hand, all of these works were not wasted, as the Porsche’s chassis which was designed for the model Tiger I was employed for the tank destroyer Elefant. In the war’s closing stages Porsche also manufactured the super heavy tank Maus, developing 2 prototypes.
At the World War II’s end in the year 1945, the facility of Volkswagen at KdF-Stadt chop down to the British. A British Major of the army Ivan Hirst replaced Ferdinand as Volkswagen’s Board of Management’s chairperson, and he was put in factory’s charge. Of that year on the month of December, Ferdinand was arrested on the basis of war crimes, but he didn’t tried. Ferry Porsche son of Ferdinand Porsche, during his father’s twenty months imprisonment, decided to manufacture its own car. Through some most difficult times of company, Ferry Porsche also had to direct it, until the release of Ferdinand Porsche in the year 1947 on the month of August.The 1st 2 models of the 356 were manufactured in a minor sawmill in Gmund, in Austria. The car’s prototype was shown to dealers of German, and production was begun when pre-orders reached to certain level.
Relationship with Volkswagen
Porsche always had a good relationship with Volkswagen marque, and in the future Audi AG which was also owned by Volkswagen Group, because the 1st Volkswagen’s Beetle was designed by the Porsche’s founder Ferdinand. In the year 1969, 2 companies joined hands together to manufacture the VW Porsche 914-6 and 914, whereby the model 914-6 had an engine of Porsche, and Volkswagen’s engine was employed to the 914 model. In the year 1976 with the Porsche 924 and the Porsche 912E, which employed many components of Audi, and was developed at Neckarsulm factory of Audi. 944 of Porsche were developed there, even though they employed far fewer components of Volkswagen. In the year 2002 the Cayenne was unveiled, which shares its chassis with Audi Q7 and Volkswagen Tourage, which was built at the factory of Volkswagen Group in Bratislava. In the 2005’s late, an 18.65 % share was taken aback by Porsche from the Volkswagen Group, to make strong their association, and preventing from occupation of Volkswagen Group that was rumoured during that time. Gambled suitors included Renault, BMW, and DaimlerChrysler AG.
Through the stake acquisition of Volkswagen AG, Porsche reformed the structure of company, with Dr. Ing. H.C.F. Porsche AG came as a holding company, changed its name as “PAH SE”, and in the year 2007 a new operating company “Dr. Ing. H.C.F. Porsche AG was formed. Thus the activities of operating are separated from the company’s holding activities. There was an EGM for shareholders of Porsche AG that took place in the year 2007 on the month of June, in Stuttgart, at the arena of Porsche, in Germany, to have a discussion on the changing of the structure of company. In the 2009’s late to Porsche the controlling rights was bought by Volkswagen.
Production and sales of Porsche cars
The main facility and headquarters of Porsche are situated in Zuffenhausen, in a Stuttgart’s district, but the models Panamera and Cayenne are manufactured in Germany’s Leipzig, and Sports Utility Vehicle’s parts are assembled in the factory Volkswagen Touareg in Bratislava, in Slovakia. Cayman and Boxster production were outsourced to Finland’s Valmet Automotive from the year 1997 to 2011, and also the production was shifted to Germany in the year 2012.
In recent times the company has achieved high success, and certainly claims to have the profit of highest per item sold of any company’s car across the world.
The number of cars produced and table of profits i.e. in millions of Euros. Figures from 2008/2009 onwards were not mentioned as Porsche SE’s part.
· On the 31st of July month till the year 2002 ending, the total revenue was about 4857 million Euros, 829 million Euros of Pre-tax profit, 55050 units of overall production, and 54234 units of total sales.
· On the 31st of July month till the year 2003 ending, the total revenue was about 5583 million Euros, 933 million Euros of Pre-tax profit, 73284 units of overall production, and 66803 units of total sales.
· On the 31st of July month till the year 2004 ending, the total revenue was about 6148 million Euros, 1137 million Euros of Pre-tax profit, 81531 units of overall production, and 76827 units of total sales.
· On the 31st of July month till the year 2005 ending, the total revenue was about 6574 million Euros, 1238 million Euros of Pre-tax profit, 90954 units of overall production, and 88379 units of total sales.
· On the 31st of July month till the year 2006 ending, the total revenue was about 7273 million Euros, 2110 million Euros of Pre-tax profit, 102602 units of overall production, and 96794 units of total sales.
· On the 31st of July month till the year 2007 ending, the total revenue was about 7368 million Euros, 5857 million Euros of Pre-tax profit, 101884 units of overall production, and 97515 units of total sales.
· On the 31st of July month till the year 2008 ending, the total revenue was about 7466 million Euros, 8569 million Euros of Pre-tax profit, 105162 units of overall production, and 98652 units of total sales.
· On the 31st of July month till the year 2009 ending, it was about -2559 million Euros of Pre-tax profit, 76739 units of overall production, and 75238 units of total sales.
· On the 31st of July month till the year 2010 ending, the total revenue was about 7.79 billion Euros, 89123 units of overall production, and 81850 units of total sales.
· On the 31st of December month till the year 2010 ending, the total revenue was about 9.23 billion Euros, 1670 million Euros of Pre-tax profit, and 97273 units of total sales.
· On the 31st of December month till the year 2011 ending, the total revenue was of about 10.92 million Euros, 2045 million Euros of Pre-tax profit, 127793 units of overall production, and 118867 units of total sales.
Split of production
Of the cars about 105162 manufactured in the financial year 2007/2008, 32.6 % i.e. 34303 were models of 911, 21.3 % i.e. 22356 were Cayman and Boxster, and 46.1 % i.e. 48497 were Cayennes. There were three models of Carrera Grand Tourer and 3 models of Panamera have also been reported. The figures of production of sporting cars was relatively to the totals of 2001/2002 when Porsche 911 and Boxsters were manufactured and produced to about 33061, and 21989 units of vehicles respectively.
Sales of Porsche
Porsche reported in the year 2008 that it sold about 98652 cars, in which 13.7 % i.e. 13,524 units of vehicle as domestic, and 86.3 % i.e. 85128 units internationally.
Sales of North America
· 2003 and 2004 financial year’s annual sales
The model 911 i.e. 996 had a sale of about a decrease of 18 % i.e. 9935 units in the year 2003 out of total 33 % sale, an increase of 3 % of sales i.e. 10227 units in the year 2004 out of 31%, an increase of 4 % i.e. 10653 in the year 2005 of total 31 % sale.
The model Boxter had a sale of about 38 % decrease i.e. 6432 units in the year 2003 out of total 38 % sale, decrease of 42 % i.e. 3728 units in the year 2004 out of 11%, an increase in sale of 123 % i.e. 8327 in the year 2005 of total 25 % sale.
The model Cayenne had a sale of about 9935 units in the year 2003 out of total 45 % sale, 19134 units i.e. an increase of 40 % in the year 2004 out of 57 %, 14524 units i.e. decrease of 24 % in the year 2005 of total 43 %.
A total of about 36059 units i.e. an increase of7 % in sales including all models in the year 2006, 36680 units i.e. 2 % increase in the year 2007, and 27717 units i.e.a decrease by 24 % in the year 2008.
· 2006 and 2008 financial year’s annual sales
The model 911 i.e. 999 had a sale of about an increase of 19 % i.e. 12702 units in the year 2006 out of total 35 %, an increase of 4 % of sales i.e. 13135 units in the year 2007 out of 36 % of total sale, decrease of 37 % i.e. 8324 in the year 2008 of total 30 %.
The model Boxter had a sale of about decrease of 42 % i.e. 4850 units in the year 2006 out of total 14 % sale, decrease of 24 % of sales i.e. 3904 units in the year 2007 out of 11 % of total, decrease of 24 % i.e. 2982 in the year 2008 of total 11 %.
The model Cayman had a sale of about 7313 units in the year 2006 out of total 20 % sale, decrease of 17 % of sales i.e. 6249 units in the year 2007 out of 17 % of total sale, decrease of 44 % i.e. 3513 in the year 2008 of total 13 %.
The model Cayenne had a sale of about decrease of 23 % i.e. 11411 units in the year 2006 out of total 23 % sale, an increase of 20 % of sales i.e. 13370 units in the year 2007 out of 36 % of total sale, decrease of 4 % i.e. 12898 in the year 2008 of total 46 % sale.
A total of 30028 units i.e. 33 % increase in sales including all models in the year 2003, 33289 units i.e. 11 % increase in the year 2004, and 33859 units i.e. an increase of 2 % in the year 2005.
· 2009 and 2011 financial year’s annual sales
The model 911 i.e. 999 had a sale of about a decrease of 17.8 % i.e. 6839 units in the year 2009 out of total 35.00 % sale, a decrease of 16.1 % of sales i.e. 5735 units in the year 2010 out of 22.65 % of total sale, an increase by 5.0 % i.e. 6016 in the year 2011 of total 20.72 %.
The models Cayman and Boxster had a sale of about a decrease by 39.4 % i.e. 3875 units in the year 2009 out of total 19.00 %, a decrease by 9.3 % of sales i.e. 3499 units in the year 2010 out of 13.84 % of total sale, decrease of 9.02 % i.e. 3150 in the year 2011 of total 10.86 % sale.
The model Panamera had a sale of about 1247 units in the year 2009 out of total 6.33 %, an increase of 520.8 % of sales i.e. 7741 units in the year 2010 out of 30.57 % of total sale, a decrease by11.13 % i.e. 6879 in the year 2011 of total 23.70 %.
The model Cayenne had a sale of about a decrease by 31.0 % i.e. 7735 units in the year 2009 out of total 31.0 % sale, an increase by7.9 % of sales i.e. 8343 units in the year 2010 out of 32.94 % of total sale, an increase by55.55 % i.e. 12978 in the year 2011 of total 44.72 % sale.
A total of about 19696 units i.e. 24.3 % decrease in sales including all models in the year 2009, 25320 units i.e. 28.6 % increase in the year 20010, and 29023 units i.e. an increase by 15 % in the year 2011.
Models of Porsche
The present model range of Porsche includes the Boxster roadster’s sports cars to their most celebrated product, the variant 911. On the other hand Cayman is a hardtop vehicle, which is quite similar to the variant Boxster. The model Cayenne is a luxury mid-size sport utility vehicle of Porsche. A performance high luxury sedan/saloon, the model Panamera was unveiled in the year 2009.
These are all some consumer models of Porsche such as four seater targa, coupe, and cabriolet 911, GT1 StraBenversion 911, 912, 356, 918 Spyder, 914, 928 four seater GT, 924, 959, 944, 930, 968, 2 seater roadster Boxster, 2 seater coupe Cayman, Carrera GT, Cayenne Sports Utility Vehicle, Panamera four seater sports class sedan, and Macan sports utility vehicle which is expected to be released in the year 2013.
These are all some racing models of Porsche such as 360 Cisitalia, 64, 550 Spyder, 787, 718, 804, 906, 904, 908, 907, 910, 909 Bergspyder, 917, 910, 918 RSR, 936, 935, 934, 962, 961, 956, Porsche-March 89P, LMP2000 which had not even raced in single race, LMP1-98 / WSC-95, 2014 project car of Porsche Le Mans, and RS Spyder i.e. 9R6.
Concept and prototype cars
These are some concept cars of Porsche such as Porsche 356/1, Porsche 114, Porsche 695, Porsche 916, Porsche 901, Porsche 918 Spyder, Porsche 959 Prototype, Porsche 942, Porsche 989, Porsche 969, Porsche Boxster, Porsche Panamericana, Porsche Macan, and Porsche C88.
These are some tractors which all manufactured by Porsche such as Porsche AP Series, Porsche Type 110, Porsche Junior, Porsche Super, Porsche Standard, Porsche 312, Porsche Master, Porsche R22, and Porsche 108F.
· Electric and hybrid vehicles
Porsche in the year 2011 unveiled the hybrid version of Cayenne and announced that the hybrid version of Panamera and the concept car 918 Spyder also employs a hybrid system. Previously it had been believed that Porsche had made plans to offer the Porsche 911 in an electric version but this has yet not been announced formally.
Motorsport’s most successful brand is Porsche, which has scored a total victories of about 28000, including 16 record wins for constructions at the 24 hrs of le mans. Presently Porsche is the largest manufacturer of race car in the world. Porsche in the year 2006 for numerous international events of motorsports it has built about 195 race cars. Porsche in the year 2007 is expecting to construct 275 dedicated race cars such as proto types of 7RS Spyder LMP2, GT3 Cup vehicles like 231 911, and GT2 specification 911 GT3-RSR 37.
Keeping in mind the founder’s family name Ferdinand Porsche, the name of company is pronounced and corresponds in English as PORSCH. On the other hand, it is often pronounced in English as a syllable of single without a final. The word-final
Reputation of Porsche
Porsche 911 also called as 997, which was a version of GT2 RS came in the year 2010. In a survey on the month of May in the year 2006, the most prestigious brand title for automobile was awarded to Porsche by Luxury Institute, in New York City; more than five hundred households were questioned by it with an annual gross income of 200000 USD at least and at least 720000 USD of net worth income.
In the year 2006, 2009, and in the year 2010, Porsche was awarded with JD Power & Associates for the top ranked nameplate in its IQS i.e. Initial Quality Study of brands of automobile.
Reception of Sports utility vehicle
According to a report of CNBC news channel, even at the questionable foray time into the market of sports utility vehicle in the year 2003 with the model Cayenne, it couldn’t damage the credibility of Porsche. The journalist Andrew Frankel of The Times says on 1 level, Porsche’s 4X4 is the best vehicle in world. Despite it has faced many controversial critics, the model Cayenne has got a long success, which generating enough income for the company for investing in and for upgrading the model range of existing, as well as for funding to the Panamera project.
Porsche released the need for speed game in Europe, which was an edition of Porsche 2000, and Porsche version of need for speed in Germany, and with a video game of racing in Latin America, which was developed and published by Electronic Arts Canada and Electronic Arts respectively, and is need for speed series part.
For details, visit Porsche's official website.