Used Porsche Cars in PA
Porsche Automobil
Holding SE, usually shortened to Porsche SE, a Societas Europaea or European Public Company, is a
German automotive manufacturer of luxury high performance automobiles, which is
majority-owned by the Piëch and Porsche families. Porsche SE is headquartered in
Zuffenhausen, a city district of Stuttgart, Baden-Württemberg.
Porsche SE is the 'top-tier' parent- and holding
company, which includes two main subsidiaries - Dr. Ing. h.c. F. Porsche AG
(which stands for Doktor Ingenieur honoris causa Ferdinand Porsche
Aktiengesellschaft), often shortened to Porsche AG, and Volkswagen AG (known in
English as Volkswagen Group). Porsche AG is the subsidiary of Porsche SE which
is responsible for the actual production and manufacture of the Porsche
automobile line, and Volkswagen AG is the 'top-tier' parent of the Volkswagen
Group automotive marques; which include (but not limited to) Audi, Bentley
Motors and Bugatti Automobiles.
It was founded in 1931 by Ferdinand Porsche, an
Austro-Hungarian engineer born in Maffersdorf, Austria-Hungary (today
Vratislavice nad Nisou, Czech Republic). The company currently produces 911
(997), Boxster and Cayman sports cars and Cayenne sport utility vehicles. The
latest model line, the four-door Panamera saloon (sedan), was launched on
Monday, 20 April 2009.
In August 2009, Porsche SE and Volkswagen Group
(Volkswagen AG) reached an agreement that Volkswagen AG and Porsche AG would
merge in 2011, to form an "Integrated Automotive Group". The current Porsche
model range includes sports cars from the Boxster roadster to their most famous
product, the 911. The Cayman is a hard top car similar to the Boxster in a
slightly higher price range. The Cayenne is Porsche's mid-size luxury sport
utility vehicle (SUV). The limited run Carrera GT ceased production in May 2006.
Porsche was awarded the 2006 J.D. Power and Associates award for the
highest-ranked nameplate in its Initial Quality Study (IQS) of automobile
brands.
Most Boxster and Cayman production is outsourced to
Valmet Automotive in Finland until 2012. The company has been highly successful
in recent times, and indeed claims to have the highest profit per unit sold of
any car company in the world. Porsche has for many years offered consultancy
services to various other car manufacturers. Audi, Studebaker, SEAT, Daewoo,
Subaru, and Yugo have consulted Porsche on engineering for their cars or
engines. The Lada Samara was partly developed by Porsche in 1984. Porsche also
helped Harley-Davidson design their new Revolution water cooled engine that is
used in their V-Rod motorcycle, as Porsche had previous experience switching
from air-cooling to water cooling.
Find Used Porsche Cars in Pennsylvania
Porsche's 2002 introduction of the Cayenne also
marked the unveiling of a new production facility in Leipzig, Saxony, which once
accounted for nearly half of Porsche's annual output. The Cayenne Turbo S has
the second most powerful production engine in Porsche's history, with the most
powerful belonging to the Carrera GT.
In 2004, production of the 456 kilowatts (620 PS;
612 bhp) Carrera GT commenced in Leipzig, and at EUR 450,000 ($440,000 in the
United States) it was the most expensive production model Porsche ever built. As
of 2005, the extended Porsche and Piëch families controlled all of Porsche AG's
voting shares. In early October 2005 the company announced acquisition of an
18.53% stake in Volkswagen Group (VWAG), and disclosed intentions to acquire
additional VWAG shares in the future. As of June 2006, the Porsche AG stake in
VWAG had risen to 25.1%, giving Porsche a blocking minority, whereby Porsche can
veto large corporate decisions undertaken by VWAG.
In mid-2006, after years of the Boxster (and later
the Cayenne) as the dominant Porsche in North America, the 911 regained its
position as Porsche's backbone in the region. In Germany the 911 clearly
outsells the Boxster/Cayman and Cayenne. Find more information about Porsche
company on KBB.com