Porsche

Dr. Ing. h.c. F. Porsche AG

Type	Aktiengesellschaft
Industry	Automotive
Founded	Stuttgart, Germany (1931; 86 years ago (1931))
Founder	Ferdinand Porsche
Headquarters	Stuttgart, Baden-Württemberg, Germany
Area served	Worldwide
Key people	Wolfgang Porsche, Chairman Oliver Blume, CEO
Services	Automotive financial services, engineering services, investment management
Revenue	€21.533 billion (2015 annual report)
Operating income	€3.404 billion (2015 annual report)
Profit	€2.335 billion (2015 annual report)
Total assets	€29.143 billion (2015 annual report)
Total equity	€10.700 billion (2015 annual report)
Owner	Volkswagen Group
Number of employees	24,481 (2015 annual report)
Subsidiaries	Mieschke Hofmann und Partner (81.8%) Porsche Consulting group
Website	www.Porsche.com

Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche AG (German pronunciation: [ˈpɔʁʃə]), is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. Porsche AG is headquartered in Stuttgart, and is owned by Volkswagen AG, which is itself majority-owned by Porsche Automobil Holding SE. Porsche's current lineup includes the 718 Boxster/Cayman, 911, Panamera, Macan and Cayenne.

Ferdinand Porsche founded the company called "Dr. Ing. h. c. F. Porsche GmbH" in 1931, with main offices at Kronenstraße 24 in the centre of Stuttgart. Initially, the company offered motor vehicle development work and consulting, but did not build any cars under its own name. One of the first assignments the new company received was from the German government to design a car for the people, that is a "Volkswagen". This resulted in the Volkswagen Beetle, one of the most successful car designs of all time. The Porsche 64 was developed in 1939 using many components from the Beetle.

During World War II,Volkswagen production turned to the military version of the Volkswagen Beetle, the Kübelwagen, 52,000 produced, and Schwimmwagen, 15,584 produced. Porsche produced several designs for heavy tanks during the war, losing out to Henschel & Son in both contracts that ultimately led to the Tiger I and the Tiger II. However, not all this work was wasted, as the chassis Porsche designed for the Tiger I was used as the base for the Elefant tank destroyer. Porsche also developed the Maus super-heavy tank in the closing stages of the war, producing two prototypes.