Porsche has long been Volkswagen's cash cow, contributing 50% of its pretax earnings. The sports car maker sold more than 300,000 new cars in the last business year.

It would strengthen our ability to further execute our strategy.” Reuters reports Volkswagen is expecting a valuation for Porsche between $60-$85 billion post IPO.

Porsche is honoring ANDIAL with a retro-inspired livery for the 911 GT3. Bentley and Porsche are part of the Volkswagen Group ...

Porsche SE, the Porsche-Piëch family’s holding company said on Wednesday that it was seeking “other investors and strong partners” to invest in defence start-ups alongside it, in a bid to tap into ...

It created Porsche SE as a holding for that purpose in 2007 and started buying Volkswagen Group shares. In 2009, the international financial crisis left Porsche SE with €10 billion in debt.

Volkswagen will retain 75 percent ownership of Porsche, but the voting shares will give its heirs a blocking minority, granting them greater control over the company and its board going forward.

Porsche AG and Volkswagen AG’s owners are setting up a fund to make defense-industry investments, hoping to ride a surge in European military spending.Porsche Automobil Holding SE, the holding company ...

For decades Porsche’s most famous racing cars would often be seen accompanied by Volkswagen support vehicles. These Renndienst, or “racing service” vans and trucks were built from T1 and T2 ...

Volkswagen's largest shareholder, holding firm Porsche SE , said on Wednesday that it planned to deepen its involvement in the defence sector, while reaffirming its core focus on cars and industrial ...

VW added that existing industrial cooperation between Volkswagen and Porsche would be “comprehensively continued.” Originally Published: September 19, 2022 at 5:34 PM EDT ...

The German billionaire family behind Porsche is launching a new fund focused on investing in defence as it seeks to cash in ...

4.8 (1,297 reviews) 158 Merrick Rd, Amityville, NY 11701 Visit Legend Porsche Audi VW ... View all hours View 4 awards New (631) 456-4162 ...