Porsche SE or Porsche German, pronounced is a German manufacturer of luxury automobiles, which is majority-owned by the Porsche and Piëch families. Porsche SE holds two chief assets, the first of which is Dr. Ing. h.c. F. Porsche AG which stands for Doktor Ingenieur honoris causa Ferdinand Porsche Aktiengesellschaft, often shortened to Porsche AG, manufacturer of the Porsche automobile line. The second asset is a majority stake in Volkswagen AG. The company is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Württemberg.
It was founded in 1931 by Ferdinand Porsche, an Austro-Hungarian engineer born in Maffersdorf, Austria-Hungary today Vratislavice, Czech Republic. Porsche is also known for designing the first Volkswagen, but Béla Barényi is credited with having conceived the basic design five years earlier. The company currently produces 911 1997 Boxster and Cayman sports cars and Cayenne sport utility vehicles. The company plans to launch its new four-door Panamera towards the middle of 2009. In 1945, the Porsche company stopped producing the Panama; this new car will be based around its design.
Professor Ferdinand Porsche founded the company called "Dr. ing. Porsche GmbH" in 1930, with main offices at Kronenstraße 24 in the center of Stuttgart. Initially, the company offered motor vehicle development work and consulting but did not build any cars under its own name. One of the first assignments the new company received was from the German government to design a car for the people, a "Volkswagen" in German. This resulted in the Volkswagen Beetle, one of the most successful car designs of all time. The first Porsche, the Porsche 64, was developed in 1939 using many components from the Beetle. The correct pronunciation is "PORSH-eh", as native German words do not have silent e. Porsche is incorrectly pronounced "PORSH" as a one syllable word. This is common because French and English have many words with silent 'e's.
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