Wait, I thought Porsche was the parent company and VW was an offshoot created from one of Hitler’s requests(?) to make a car affordable for the people.
VW was state own corp created to produce Porsche’s vehicle design. It was privatized in the 1960’s. It wasnt until 2013 when porsche took ownership over VW.
Porsche tried to take over VW in 2013 but underestimated the cost. They nearly went bankrupt trying to do that so the largest shareholder of VW, the German state of lower-saxony then asked VW to instead take over Porsche - which they did. So since then Porsche has been part of VW
Wait, I thought Porsche was the parent company and VW was an offshoot created from one of Hitler’s requests(?) to make a car affordable for the people.
VW was state own corp created to produce Porsche’s vehicle design. It was privatized in the 1960’s. It wasnt until 2013 when porsche took ownership over VW.
Porsche is owned by Volkswagen and Volkswagen is owned by Porsche
As mad as it sounds, it’s not wrong
Porsche tried to take over VW in 2013 but underestimated the cost. They nearly went bankrupt trying to do that so the largest shareholder of VW, the German state of lower-saxony then asked VW to instead take over Porsche - which they did. So since then Porsche has been part of VW