Who owns Porsche now?
So, from that standpoint, Volkswagen AG is the company who owns Porsche. However, Porsche also owns a majority share in Volkswagen AG. The result is that two great automakers get to continue a partnership that was started decades ago. Porsche and Volkswagen join together on the production of the VW-Porsche 914 with a VW engine and 914-6 with Porsche engine. Porsche and Volkswagen rejoin forces once again to produce the Porsche 912E and the Porsche 924. Porsche and Volkswagen merge with VW as the parent company.Due to the complexities of Porsche’s relationship with VW and Karmann, however, Porsche was unable to price the 914/6 competitively. Its price was nipping at the heels of entry-level 911s, so comparisons were inevitable.Typically, you can expect to pay around $42,000 for a 1977 Porsche 911 S in good condition with average spec. What is the highest selling price of a 1977 Porsche 911 S? The highest selling price of a 1977 Porsche 911 S at auction over the last three years was $299,500.
Is Porsche 100% owned by VW?
The company is owned by Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE, usually shortened to Porsche SE. Porsche’s current lineup includes the 911, Panamera, Macan, Cayenne and Taycan. Porsche SE is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Württemberg and is majority owned by the Austrian-German Porsche–Piëch family. The company was founded in Stuttgart as Dr. Ing.
Who is the CEO of Porsche?
The Supervisory Board of Porsche AG has appointed Dr. Michael Leiters as CEO of Porsche AG, effective as of January 1, 2026. Dr. Oliver Blume, who has led Porsche AG as CEO for ten years, will continue to serve as CEO of Volkswagen Group. Dr. Oliver Blume’s successor will be Dr. Michael Leiters. Leiters has been CEO of McLaren Automotive from July 2022 until April 2025, having previously served as CTO for Ferrari for more than eight years. Leiters is no stranger to Porsche AG.The Supervisory Board of Porsche AG has appointed Dr. Michael Leiters as CEO of Porsche AG, effective as of January 1, 2026. Dr. Oliver Blume, who has led Porsche AG as CEO for ten years, will continue to serve as CEO of Volkswagen Group.
Does the Porsche family still exist?
Its members control Porsche SE and have a majority voting right over Volkswagen AG, the largest automaker in the world. The Porsche family headquarters are in the Austrian town of Zell am See. The family is the 7th richest family of Germany (2022) with an estimated net worth of 66. Audi focuses on advanced technology and refined luxury with spacious interiors, while Porsche prioritizes raw performance and a driver-focused experience, which often comes at a higher cost.This higher status sets Porsche among the most select automakers in the industry, while BMW tries to stand out from the deluge of budget-priced luxury models on the market. When you spend less money purchasing a BMW, you’re opting for cheap luxury instead of true craftsmanship.In 2024, Volkswagen slightly increased market share and easily remained the largest car brand in Germany. Mercedes-Benz was the second best-selling car brand in Germany followed by BMW. VW-owned Skoda moved up to fourth place followed by Audi and Seat.Both brands have German heritage, but BMW has been around for nearly 20 years longer than Porsche. BMW first became involved in transportation in 1916 when they created aircraft, but at the conclusion of World War I, the company was forbidden from producing aircraft as part of the Treaty of Versailles.