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AG is a German AG is a
multinational automotive manufacturing German automobile manufacturer
company headquartered in Wolfsburg, specializing in high-performance sports
Lower Saxony, Germany. It designs, cars, SUVs and sedans. Porsche AG is
manufactures and distributes passenger headquartered in Stuttgart, and is owned
and commercial vehicles, motorcycles, by Volkswagen AG, which is itself majority-
engines, and turbomachinery and offers owned by Porsche Automobil Holding SE.
related services including financing, leasing Porsche's current lineup includes the 718
and fleet management. In 2016, it was the Boxster/Cayman, 911, Panamera, Macan
world's largest automaker by sales, and Cayenne.
overtaking Toyota and keeping this title in
Ferdinand Porsche founded the
2017, selling 10.7 million vehicles. It has
company called "Dr. Ing. h. c. F. Porsche
maintained the largest market share in
GmbH" in 1931, with main offices at
Europe for over two decades. It ranked
Kronenstraße 24 in the centre of Stuttgart.
sixth in the 2017 Fortune Global 500 list of
Initially, the company offered motor vehicle
the world's largest companies. Volkswagen
development work and consulting, but did
Group sells passenger cars under the Audi,
not build any cars under its own name. One
Bentley, Bugatti, Lamborghini, Porsche,
of the first assignments the new company
SEAT, Škoda and Volkswagen marques;
received was from the German government
motorcycles under the Ducati brand; and
to design a car for the people, that is a
commercial vehicles under the marques
"Volkswagen".This resulted in the
MAN, Scania, and Volkswagen Commercial
Volkswagen Beetle, one of the most
Vehicles. It is divided into two primary
successful car designs of all time.[5] The
divisions, the Automotive Division and the
Porsche 64 was developed in 1939 using
Financial Services Division, and as of 2008
many components from the Beetle.
had approximately 342 subsidiary
companies. VW also has two major joint-
ventures in China (FAW-Volkswagen and
SAIC Volkswagen). The company has
operations in approximately 150 countries
and operates 100 production facilities
across 27 countries.