- CEO
- Michael Hugo Leiters
- Full Time Employees
- 39,463
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- Porscheplatz 1 Stuttgart Germany 70435
- IPO Date
- Oct 3, 2022
- Business
- Dr. Ing. h.c. F. Porsche AG Dr. Ing. h.c. F. Porsche AG manufactures and sells luxury high-performance sports cars, SUVs, and sedans; core products include the 911 sports car series, 718 Boxster and Cayman models, Taycan electric vehicles, Panamera luxury sedans, Macan compact SUVs, and Cayenne mid-size SUVs, along with engines, parts, components, and financial services such as customer and dealer financing, leasing, and mobility offerings. A subsidiary of Volkswagen AG, the company operates production facilities in Stuttgart-Zuffenhausen and Leipzig, Germany, with additional assembly in Bratislava, Slovakia, and plans for local production in Malaysia; it serves global markets including North America (32% of 2024 sales), Europe, China, and other regions from its headquarters in Stuttgart, Germany, where Ferdinand Porsche founded the engineering office in 1931. Porsche recently realigns its product strategy amid challenging market conditions by supplementing its range with new brand-defining combustion engine and plug-in hybrid models, including a new SUV series above the Cayenne initially offered without full-electric variants, extending availability of existing combustion and hybrid Panamera and Cayenne into the 2030s, rescheduling certain all-electric launches and a new EV platform to the 2030s in coordination with Volkswagen Group brands, and planning full-electric replacements for 718 models post-October 2025 production end; it acquires a majority stake in V4Smart for high-performance battery cells via investment with VARTA AG, advances its Road to 20 program for exclusive services, and negotiates employee measures for profitability and resilience, expecting extraordinary 2025 expenses of around 3.1 billion euros.