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Porsche AG (Porsche Aktiengesellschaft) is a German car manufacturer founded by renowned designer Ferdinand Porsche in 1931. The headquarters and main factory is located in Stuttgart, Germany. The main shareholder of the company is the genus, Porsche. It is the most profitable car company in the world. In 2010, the company’s cars were recognized as the most reliable in the world.
The company produces luxury sports cars, as well as SUVs. Porsche production largely cooperates with Volkswagen. Side by side with participation in motorsport, work is underway to improve the design of the car (and its components) as such: over the years, mechanical gearbox synchronizers, automatic gearboxes with manual shift capabilities (later with shift buttons on the steering wheel), turbocharging for a production car , turbocharging with variable geometry of the impeller of the turbine in a gasoline engine, electronically controlled suspension and so on.
50.1% of the company’s shares are owned by Porsche Automobil Holding SE, since December 2009, 49.9% of the shares belong to Volkswagen AG. It is a public company, part of its shares are listed on the Frankfurt Stock Exchange and on the worldwide electronic system Xetra. President and CEO since 1993 – Wendelin Wiedeking. The company’s revenue for the 2009/2010 financial year amounted to 7.79 billion euros, which is the absolute record for the company in history. During the same reporting period, 81,850 vehicles were sold, and 89,123 were produced.
The company has also been active in organizing sports clubs for a long time and competitions among various classes of their cars, and several cup competitions are held regularly. The computer game Need for Speed: Porsche Unleashed is devoted to this activity.