Monday, May 16, 2016

Porsche - The Resource for Business Leaders

Porsche, as a business, started April 25th 1931 as Dr. Ing. h.c. F. Porsche KG, a design consulting firm. For clarification, Dr. Ing. means Doktor der Ingenieurwissenschaften, which is a Doctorate in Engineering, h.c. means Honoris Causa, which indicates the Doctorate was an honorary degree. F. Porsche is the founder's name, Ferdinand Porsche. KG means Kommanditgesellschaft, which is a limited partnership.
During 1972/73 Porsche KG became Porsche AG. AGmeans Aktiengesellschaft, which is a corporate, shareholder type, business entity. Since 2007 Porsche AG is wholly owned byPorsche Zwischenholding GmbHZwischenholding meaning intermediate holding company, and GmbH, Gesellschaft mit beschränkter Haftung, which is a legal entity with limited liability. Simultaneously Porsche Automobil Holding SE, was created. SE means Societas Europaea, which is the legal designation for a European Union public company. I won't rehash the circumstances that brought Volkswagen in to the picture, but if you want to catch up on the lastest chapter of that dramatic episode check out the Google timeline.