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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.

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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


 
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