Porsche
| Founded in: | 1931 by Ferdinand Porsche |
| Head Office: | Stuttgart, Germany |
| Website: | www.porsche-se.com |
Porsche, a German manufacturer of automobiles, enjoys world-wide popularity. The headquarters of the company is situated in Stuttgart, Germany. A €7.273 billion company, Porsche is majority-owned by the Porsche and Piëch families and boasts of having 11,910 employees. Known for its exotic models that steep in luxury, the company has two major assets. First, the Porsche AG, the manufacturer of Porsche automobile line, and the second, a majority stake in Volkswagen AG, one of the chief car manufacturers in Europe.
Founded by Ferdinand Porsche, an Austro-Hungarian engineer in Volkswagen, in the year 1931, the company is highly known for its extremely classy luxurious car models and racing cars. In the present times, Porsche mainly produces sports car, like 911 (997), Boxster and Cayman sports cars and Cayenne sport utility vehicles. The latest model of the company, named Panamera sedan, has been introduced in market some time back only, on April 20 2009.
Porsche faces stiff competition in the market of cars. The closest competitors of Porsche in racing cars have been Ferrari, though experts often rate Porsche to have been offering equal or higher performing cars than comparatively more expensive Ferrari models. In they regular market, Porsche faces cut-to-cut completion's from the automakers like automakers Mercedes-Benz, Audi, and BMW, Lamborghini, Bugatti and Pagani. Despite a cut throat competition in the automobile market, Porsche has recorded a profitable business over years
Porsche claims the distinction of holding several awards and recognitions in its kitty. As per a survey conducted in March 2006, on 50 households of the New York City, Porsche was declared to be the most prestigious automobile brand by Luxury Institute, New York. The company has also been awarded with the J.D. Power and Associates Award, for the highest-ranked nameplate in its Initial Quality Study (IQS) of automobile brands.
Founded by Ferdinand Porsche, an Austro-Hungarian engineer in Volkswagen, in the year 1931, the company is highly known for its extremely classy luxurious car models and racing cars. In the present times, Porsche mainly produces sports car, like 911 (997), Boxster and Cayman sports cars and Cayenne sport utility vehicles. The latest model of the company, named Panamera sedan, has been introduced in market some time back only, on April 20 2009.
Porsche faces stiff competition in the market of cars. The closest competitors of Porsche in racing cars have been Ferrari, though experts often rate Porsche to have been offering equal or higher performing cars than comparatively more expensive Ferrari models. In they regular market, Porsche faces cut-to-cut completion's from the automakers like automakers Mercedes-Benz, Audi, and BMW, Lamborghini, Bugatti and Pagani. Despite a cut throat competition in the automobile market, Porsche has recorded a profitable business over years
Porsche claims the distinction of holding several awards and recognitions in its kitty. As per a survey conducted in March 2006, on 50 households of the New York City, Porsche was declared to be the most prestigious automobile brand by Luxury Institute, New York. The company has also been awarded with the J.D. Power and Associates Award, for the highest-ranked nameplate in its Initial Quality Study (IQS) of automobile brands.
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