Porsche AG, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. Porsche AG is headquartered in Stuttgart, and is owned by Volkswagen AG, which is itself majority-owned by Porsche Automobil Holding SE.

Porsche Cars North America

Porsche Cars North America, Inc. (PCNA) is the exclusive U.S. importer of Porsche sports cars, SUVs, and sports sedans. Headquartered in Atlanta, Georgia since 1998, PCNA is also home to the first Porsche Experience Center in North America featuring a module-based 1.6 mile driver development track, business center, human performance center, and fine dining restaurant. PCNA employs approximately 300 people who provide parts, service, marketing, and training for 186 dealers. PCNA is a wholly-owned subsidiary of Porsche AG.

Porsche has a long history in U.S. with the first model being imported to New York in 1950. With success, came the need for a wholly owned susidary; thus PCNA (Porsche Cars North America, Inc.) was formed in January 1984 and began operation on September 1, 1984. PCNA also assumed distribution operations for Canada on January 1, 1995. In early 2008, Porsche created Porsche Cars Canada as an independent importer of automobiles, parts and accessories through its 12 Canadian dealers. As a separate subsidiary with dedicated leadership, Porsche Cars Canada has market and financial accountability as an importer and reports directly to Porsche headquarters in Stuttgart, Germany

Porsche Cars North America
One Porsche Drive
Atlanta, GA 30354

Call us at 1-800-PORSCHE (1-800-767-7243)

 

Porsche AG (Dr. Ing. h.c. F. Porsche AG)

Porsche AG is the sports car manufacturer headquartered in Stuttgart, Baden-Württemberg, Germany.

Dr. Ing. h.c. F. Porsche Aktiengesellschaft
70435 Stuttgart
Germany
Tel. +49 711 911-0

Porsche AG’s IPO on September 29, 2022. Porsche AG Share are traded on the German Boerse-Frankfurt Stock Exchange.

Porsche SE

Porsche SE stock is a holding company that owns 53.3% of Volkswagen (VOW3), the parent company of Porsche AG.

Porsche Automobil Holding SE (“Porsche SE”) is a European Company (Societas Europaea) and is headquartered at Porscheplatz 1 in 70435 Stuttgart, Germany. Porsche SE is a holding company with investments in the areas of mobility and industrial technology. In particular, it holds the majority of the ordinary shares in Volkswagen AG, the parent company of the Volkswagen Group, Volkswagen AG directly and indirectly holds investments in AUDI AG, SEAT S.A., ŠKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG (“Porsche AG”), TRATON SE (“TRATON”), Volkswagen Financial Services AG, Volkswagen Bank GmbH as well as in numerous other companies in Germany and abroad. The investments of Porsche SE fall into two categories. The first category includes the long-term core investment in Volkswagen AG. The second category comprises portfolio investments that Porsche SE generally holds for a temporary period of time focus in both investment categories is on mobility and industrial technology.

Porsche SE shares are listed on the Frankfurt Stock Exchange under the ticker symbol (PAH3). The company’s American Depositary Shares (ADS) can be traded over the counter (OTC) in the US market, where they trade under the ticker symbol ( POAHY ). They represent one-tenth of an ordinary share of Porsche Automobile Holding SE.

All ordinary shares issued by Porsche SE are owned by the Porsche and Piëch families. These shares have voting rights. All preferred shares, with no voting rights, are trading on public markets.

As for Porsche AG, three-quarters of its ordinary shares minus-one share are owned by Volkswagen, while 25% plus-one-share are owned by Porsche SE. This gives Porsche SE full control over Porsche AG.

Meanwhile, 25% of the preferred shares issued by Porsche AG were sold to the public. According to Porsche, more than half of all preferred shares are held by institutional shareholders, most are outside of Germany.

Since August 1, 2012, Volkswagen AG has held 100% of the shares in Porsche AG via Porsche Holding Stuttgart GmbH. On September 28, 2022, Volkswagen placed 25% of the preferred shares (including surplus allocation) of Porsche AG with investors for a placement price of €82.50 per preferred share. Since the following day, these preferred shares have been traded on the stock exchange. The basis for the IPO was a comprehensive agreement on the conclusion of several contracts between Volkswagen and Porsche SE. In this connection, both parties agreed, among other things, that Porsche SE acquire 25% of the ordinary shares in Porsche AG plus one ordinary share of Volkswagen. The price per ordinary share was the placement price per preferred share plus a premium of 7.5%. These were acquired in two tranches. A first tranche of 17.5% of the ordinary shares plus one ordinary share was transferred to Porsche SE in October 2022. The second tranche of 7.5% of the ordinary shares in Porsche AG was concluded on December 30, 2022. As of this day, ownership was transferred to Porsche SE. The other shares in ordinary share capital of 75% less one ordinary share in Porsche AG continue to be held by Porsche Holding Stuttgart GmbH as of the reporting date.

As of the reporting date, Porsche AG remains a subsidiary of Porsche Holding Stuttgart GmbH. A domination and profit and loss transfer agreement was in place between Porsche AG and Porsche Holding Stuttgart GmbH up to and including December 31, 2022. The domination agreement ended pursuant to section 307 AktG as of December 31, 2022 and with it the contractual group with Volkswagen AG. In connection with the IPO and the sale of ordinary shares in Porsche SE, Volkswagen AG and Porsche SE agreed on a significant participation of representatives of Porsche SE on the Supervisory Board of Porsche AG. Final decision-making rights of the shareholder representatives on the Supervisory Board determined by Volkswagen with regard to directing relevant activities within the meaning of IFRS 10 at Porsche AG continue to result in the control of Porsche AG by Volkswagen AG (de facto group).

As of the reporting date, Porsche SE held the majority of voting rights in Volkswagen AG. The creation of rights of appointment for the State of Lower Saxony was resolved at the extraordinary general meeting of Volkswagen AG on December 3, 2009. This means that Porsche SE, via the Annual General Meeting, cannot elect all shareholder representatives to Volkswagen AG’s supervisory board for as long as the State of Lower Saxony holds at least 15% of the ordinary shares. The Porsche SE group (Porsche SE) is therefore classified as a related party as defined by IAS 24.

As part of the transfer of the operating business and, in turn, the transfer of Porsche Holding Stuttgart GmbH by Porsche SE to Volkswagen AG in fiscal year 2012, Porsche SE entered into the following agreements with Volkswagen AG and entities of the Porsche Holding Stuttgart GmbH group in particular:

Under the transfer agreement, Porsche SE in certain circumstances holds Porsche Holding Stuttgart GmbH, Porsche AG and their legal predecessors harmless from tax disadvantages that exceed the obligations from periods up to and including July 31, 2009 recognized at the level of these entities. In return, Volkswagen AG has undertaken to reimburse Porsche SE for any tax advantages of Porsche Holding Stuttgart GmbH, Porsche AG and their legal predecessors and subsidiaries relating to tax assessment periods up to July 31, 2009.

Porsche SE under certain circumstances holds its subsidiaries transferred under the contribution agreement, Porsche Holding Stuttgart GmbH and Porsche AG and its subsidiaries, harmless from certain obligations towards Porsche SE pertaining to the period up to and including December 31, 2011 and that go beyond the obligations recognized for these entities for this period.

It was also agreed to allocate any subsequent VAT receivables and/or VAT liabilities arising from transactions up to December 31, 2009 between Porsche SE and Porsche AG to the entity concerned.

Various information, conduct and cooperation duties were agreed between Porsche SE and the Volkswagen Group.

Volkswagen AG assumed responsibility for general financing for Porsche AG in the same way as it does for other subsidiaries of Volkswagen AG. In connection with the IPO of Porsche AG, on September 5, 2022, Porsche AG and Volkswagen AG concluded an agreement regulating future relations, in particular the cooperation, coordination and collaboration regarding certain matters. The agreement regarding collaboration in tax matters between Porsche AG and Volkswagen AG of September 18, 2022, encompasses the following in particular:

Volkswagen AG bears the tax risk of additional taxes, to the extent to which these are not already covered by corresponding risk provisioning.

Volkswagen AG assumes all pre-IPO costs, which also include potential taxes from pre-IPO structuring.

Statement of financial position items that resulted in higher income taxes at Volkswagen AG for assessment periods until the end of 2022, but can lead to tax benefits at Porsche AG through reversal effects in subsequent years from 2023 onwards , will be reimbursed to Volkswagen AG .

Various information, conduct and cooperation duties were agreed between Porsche AG and Volkswagen AG. Furthermore, Porsche AG entered into an industrial cooperation agreement with Volkswagen AG on September 5, 2022, which regulates the future design of the industrial and strategic cooperation between the Volkswagen Group and the Porsche AG Group. Under this agreement, Porsche AG and Volkswagen AG have agreed to further develop and detail out the existing cooperation between the contractual parties in the fields of purchase and procurement in a separate agreement. Therefore, and in accordance with the specifications of the Industrial Cooperation Agreement, Porsche AG and Volkswagen AG entered into a purchasing and procurement cooperation agreement. This agreement contains general principles for the continuation of the existing cooperation between the contractual parties, including rules on its general organisation as well as specific provisions for certain essential areas of purchasing and procurement.

Pursuant to a consortium agreement, the Porsche and Piëch families have direct and indirect control, respectively, over Porsche SE. Therefore, relations with individuals and entities of the Porsche and Piëch families are subject to the disclosure requirements. Pursuant to the announcement from January 9, 2023, the State of Lower Saxony and Hannoversche Beteiligungsgesellschaft Niedersachsen mbH, Hanover, hold 20.00% of the voting rights in Volkswagen AG on December 31, 2022. Furthermore, as mentioned above, the Annual General Meeting of Volkswagen AG resolved on December 3, 2009 that the State of Lower Saxony may appoint two members of the Supervisory Board (right of appointment).  source: Annual and Sustainability Report 2022 Porsche AG

Porsche AG headquarters in Stuttgart, Germany

The Porsche Museum

The Porsche Museum enlightens the visitor in an impressive, clear, and interesting manner about the entire history of what is now Dr. Ing. h.c. F. Porsche AG. Production cars have been just as important to the name recognition of the Porsche brand as many vehicles designed specifically for racing. Numerous vehicles and many small exhibits are displayed at the Porsche Museum in an unique ambience.

porsche.com/international/aboutporsche/porschemuseum

 

History

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Information below maybe outdates

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Porsche Automobil Holding SE

Porsche Automobil Holding SE was founded on June 26, 2007 at the annual general meeting of Porsche AG, with a unanimous vote of the shareholders. At the time, the objective was to spin off the operative automobile business as a wholly owned subsidiary and to create the holding company as a business unit responsible for managing equity investments.

Today, Porsche Automobil Holding SE manages its stake in Porsche Zwischenholding GmbH (50.1%), which in turn holds 100% of Porsche AG, as well as the stake in Volkswagen AG (50.7%).

The Porsche Automobile Holding SE is responsible for the stock of the operating subsidiary, Dr. Ing. h.c. F. Porsche AG, and for the investments in Volkswagen AG. With the new structure, Porsche ensures that the autonomy and independence of the traditional Stuttgart-based company remain fully protected. This is the main purpose of separating holding and operating activities. At the same time, the holding also represents a single company responsible for the management of stock.

The Porsche’s Extraordinary General Meeting on June 26, 2007 was the starting point for the Porsche Automobil Holding SE. Shareholders of the Dr. Ing. h.c. F. Porsche AG voted unanimously in favor of the operating activities of Porsche AG becoming the responsibility of a hundred percent subsidiary in accordance with the provisions of the Transformation Act, of adopting a controlling and profit transfer agreement between the holding company and the operating subsidiary, and also of transforming the holding company into a European Company, a so-called Societas Europaea (SE). The name ‘Porsche Automobil Holding’ was also unanimously approved. The company’s headquarters is in Stuttgart.

The decision to transform the company into an SE follows on from the fact that this is a modern form of company with an international focus, which will provide the prerequisites for the ongoing development of the Porsche Group. The supra-national legal status of an SE not only requires the creation of an open and international corporate culture, but also offers the opportunity to keep a Supervisory Board with twelve members, which thus far has proven to be an ideal number.

The SE was inscribed in the trade register on November 13, 2007. This required a draft final balance report from Dr. Ing. h.c. F. Porsche AG for July 31, 2007, which was finalized by the Supervisory Board the day before the registration. From a legal point of view, Porsche Automobil Holding SE and the former Dr. Ing. h.c. F. Porsche AG are one and the same legal entity. This means the change in corporate form to become an SE entailed no transfer of assets and liabilities. Nevertheless, the company received a new registration number with the Stuttgart District Court when it became a SE. All shareholders of the former Dr. Ing. h.c. F. Porsche AG became shareholders in Porsche Automobil Holding SE after the change in corporate form.

Porsche Automobil Holding SE
Dr. Ing. h.c. F. Porsche AG
Porscheplatz 1
D – 70435 Stuttgart
Telefon (0711) 911 – 0

 

Porsche Motorsports

Porsche can claim more than 30,000 race victories in almost every motor sports series worldwide, and while many of these successes have been achieved with immensely powerful specialist race cars like the evocative 917 and 956, the iconic 911 sports coupe is the bedrock on which the peerless racing reputation of the Stuttgart marque has been built.

The 911 demonstrates perfectly the Porsche philosophy of not only building sports cars in order to win races, but also to gain development know-how that can be incorporated into the evolution of its road cars. Successive generations of the rear-engined 911 have been honed on the race circuit since its debut in 1963, with customers benefitting from continuous improvements in key dynamic areas such as engine performance, braking and aerodynamics.

Porsche is the world’s largest manufacturer of racing cars; the Porsche 911 GT3 Cup race car competes in the Mobil1 Supercup, the world’s fastest international one-make Championship, which supports Formula One Grands Prix. The 911 GT3 Cup also entertains spectators around the world racing in the many domestic Carrera Cup Championships in Germany, Asia, France, Italy, Japan, Scandinavia and Great Britain. The all-new GT3 R is the first step for drivers moving up to GT racing, while the 911 RSR is the standard-bearer for the Porsche Works teams in international blue riband events like Daytona and the Le Mans 24 Hours.

With a record number of overall victories, Porsche is the most successful manufacturer in Le Mans history. In 2014, Porsche returned to Le Mans and the World Endurance Championship (WEC) with the factory-run 919 Hybrid sports prototype race car in the top LMP1 category, and scored its first outright victory in its debut WEC season in the final race in Brazil.

Porsche scored its 17th and latest success in Le Mans last June when Britain’s Nick Tandy, New Zealand driver Earl Bamber and German F1 star Nico Hulkenberg took the chequered flag in their 919 Hybrid LMP1 after 24 hours of flat out racing. Chasing this trio across the line was the second 919 Hybrid of Brendon Hartley (New Zealand), Mark Webber (Australia) and Timo Bernhard (Germany) to deliver a 1-2 result for the Stuttgart team. This trio ultimately clinched the 2015 Drivers’ World Endurance Championship, and the WEC Manufacturers’ Championship, for Porsche.