What does porsche own

The car industry is a massive, complicated place. Porsche, as in the Porsche also owned by Volkswagen AG. So there you have it. Porsche is both owned by and an owner of Volkswagen Group and vice versa. When government-owned Volkswagen went private in , the German parliament made some laws to maintain control over the automotive industry.

This secured government control and prevented the possibility of a hostile takeover in the future. Each brand has its own character and operates as an independent entity on the market. The product spectrum ranges from motorcycles to small cars and luxury vehicles.

In the commercial vehicle sector, the products include ranges from pick-ups, buses and heavy trucks. In addition, the Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet management.

The Group operates production plants in 20 European countries and a further 11 countries within America, Asia and Africa. Every weekday, , employees worldwide produce vehicles and work in vehicle-related services or other fields of business. The Volkswagen Group sells its vehicles in countries. PTV AG is a leading provider of software for traffic planning and management as well as transport logistics. PTV solutions are used by more than 2, cities. More than one million logistics vehicle trips per day in more than countries are planned using PTV software.

The software solutions of PTV AG help cities and companies save time and money, enhance road safety and reduce the impact on the environment. INRIX is a specialist for cloud-based real-time processing of location data. As a market leader in its segments, the company INRIX plays an important role in the development of connected-car services and traffic information.

INRIX leverages an extensive crowd-sourcing network of data sources that draws on data from vehicles, smartphones and road sensors. This is supplemented with additional information, e. Clearly, the Volkswagen Group chooses its car brands wisely — they boast ownership of some of the best and most recognised car brands in the world. The brand wanted to have a car for the masses to help mobilise their population for the future.

There were only a few of the models made before World War II broke out and the plant switched its production towards military vehicles. After the war, the production of its iconic Beetle started to ramp up again and later on surpassed 21 million in total. The headquarters of Volkswagen can be found in Wolfsburg, Germany. The corporation controls these assets:. The Mercedes brand, which was better known, dates all the way back to The success in competition eventually led to Mercedes being installed on the radiators of road cars from Daimler by Later on, it bought other automakers like Cadillac and Oldsmobile.

The brand was once the owner of many popular cars in the USA before it went bankrupt in which closed known brands such as Saturn, Hummer, Pontiac and Oldsmobile.

At this time, General Motors controls:. Starting as a construction firm in , Hyundai quickly expanded and joined the auto business in They first started building a version of the Ford Cortina which was under license and revealed its own model the Pony back in