[WorldKings – World Almanac Events 2023] 92nd anniversary of the establisment of Dr.-Ing. h.c. F. Porsche AG (April 25, 1931 - April 25, 2023)


(worldkings.org) Dr.-Ing. h.c. F. Porsche AG, usually shortened to Porsche, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. The company is owned by Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE.

Dr. Ing. h.c. F. Porsche AG (Porsche) a subsidiary of Volkswagen AG, is an automobile manufacturer which majorly focuses on premium auto segments. It offers passenger cars, vehicle parts and accessories, and engines. The company sells its products under several models including 718, Cayman, 911, Panamera, Macan, and Cayenne. Porsche also offer services such as financing, information technology, consulting and engineering.



It also provides pre-owned cars to the customers. The company offers its products through its own sales offices in domestic market and through distributors and licensors in the foreign countries. Porsche has market presence in North America, Latin America, Europe, the Middle East, Africa and Asia. Porsche is headquartered in Stuttgart, Germany.

The founder of the company, Dr. Ferdinand Porsche, was born in Bohemia and studied mechanical engineering in Vienna. In 1923 he traveled to Stuttgart, Germany, and by 1930 the ambitious young man had established his own engineering and design firm there under the name Dr. Ing. h. c. F. Porsche KG.



The Porsche 911, first manufactured in 1964, quickly became one of the world's most famous and most recognizable automobiles. The company has also been on the cutting edge of automotive engineering and technology, using the sports car racing circuit to develop and improve products renowned for their high performance and outstanding handling.



It is not surprising that Porsche has recorded more victories than any other automobile manufacturer in such classics as the 24-hour LeMans and the 24-hour Daytona races. In 1997 the company successfully introduced the Boxster, a newly designed, lower priced sports car. Plans to design and manufacture a suburban utility vehicle in conjunction with Volkswagen were announced in 1998.

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According to globaldata.com; fundinguniverse.com.

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