In 1948, Porsche’s first production car debuted – the 356 model – which quickly became a sensation among racecar drivers and enthusiasts alike. Eventually, Porsche was acquired by Dr. Ing hcF (Dr.-Ing eK) Ferdinand Piëch in 1967 who transformed it into one of the top automakers in Europe and beyond with an extensive range of luxury vehicles bearing his family name. Today, Porsche is part of Volkswagen Group owned by Piech’s descendants: Matthias Müller (Chairman), Hans Dieter Pötsch (CEO) and Wolfgang Porsche (Deputy Chairman).
What is the Executive Summary for Porsche?
The executive summary of Porsche is that it is a world-renowned automotive manufacturer with an impressive portfolio of luxury performance vehicles. Founded in 1931 by Ferdinand Porsche, the company has become one of the most successful and recognizable names in the automotive industry. With its strong engineering capabilities and commitment to innovation, Porsche continually strives to deliver excellence in design, safety and performance.
Its most iconic model – the 911 – has been produced since 1964 and continues to be one of its top sellers today. In addition to sports cars, Porsche also produces a range of other vehicles including sedans, SUVs and four-door coupes as well as race cars for various motorsports events around the world. The company is headquartered in Stuttgart, Germany but operates locations throughout Europe, North America, Australia and Asia Pacific regions.
Porsche History Timeline
Porsche is an iconic German automobile manufacturer that has been around since 1931, when the first Porsche was designed. Since then, this luxury car brand has gone from strength to strength and its vehicles have become some of the most sought-after in the world. From the introduction of its first production model in 1948 to winning numerous awards at prestigious auto shows throughout Europe, Porsche’s history is one full of achievements and milestones.
In 2020, it celebrated its 90th anniversary with a special edition 911 Targa 4S – a fitting tribute to such an esteemed automotive legacy.
