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Dr.
Ing. h.c. F. Porsche AG, often shortened to Porsche
AG, or just Porsche, is a German
sports
car manufacturer, founded in 1931 by Ferdinand
Porsche, the engineer who also created the first
Volkswagen. The company is located in Zuffenhausen,
a city district of Stuttgart, Baden-Württemberg.
In
a May 2006 survey, Porsche was awarded first place
as the most prestigious automobile brand by Luxury
Institute, New York; it questioned more than 500
households with a gross annual income of at least
US $200,000 and a net worth of at least US $750,000.
The current Porsche lineup includes sports cars
from the Boxster roadster to their most famous
product, the 911. The Cayman is a hard top car
similar to the Boxster in a slightly higher price
range. The Cayenne is Porsche's mid-size luxury
SUV. The Carrera GT supercar was recently phased
out in May 2006. Future plans include a high performance
luxury saloon/sedan, the Panamera. Porsche was
the first to use a variable geometry turbocharger
in a gasoline powered production automobile.
Porsche
was awarded the 2006 J.D. Power and Associates award
for highest Nameplate Initial Quality Study (IQS)
of automobile brands.
As
a company, Porsche is known for weathering changing
market conditions with great financial stability,
while retaining most production in Germany during
an age when most other German car manufacturers have
moved at least partly to Eastern Europe or overseas.
[citation needed] The headquarters and main factory
are still at Stuttgart-Zuffenhausen, but the Cayenne
(and formerly the Carrera GT) is produced at Leipzig,
in former East Germany. Most Boxster and Cayman production
is outsourced to Valmet Automotive in Finland. The
company has been highly successful in recent times,
and indeed claims to be the most profitable car company
in the world (in terms of profit margin per unit sold;
its absolute profits would be dwarfed by Toyota).
Porsche
has for many years offered consultancy services to
various other car manufacturers. Studebaker, SEAT,
Daewoo, Subaru and Yugo have consulted Porsche on
engineering for their cars or engines. Porsche also
helped Harley-Davidson design their new engine in
their newer V-Rod motorcycle.
Motorsport
In racing, Porsche's main rival has traditionally
been Ferrari, though traditionally their production
vehicles appeal to quite different personalities,
if similar demographics. Commercially, Ferrari
sells far fewer cars at much higher prices than
Porsche (for example, there are no Ferraris under
US $100,000, while almost all Porsches are priced
below that figure). Porsche's rivalry with Ferrari
is primarily because of both companies' storied
racing heritage and the fact that some of their
vehicles are of comparable performance, not because
of direct competition between some models.
Porsche's
traditional rivals for the daily-driver marketplace
are its fellow German automakers Mercedes-Benz and
BMW, who compete more directly with Porsche (example,
the Boxster competes directly with the BMW Z4 and
the Mercedes-Benz SLK). Ferrari, on the other hand,
competes more directly with firms such as Lamborghini
and Aston Martin (companies Porsche only competes
partially with). Porsche also competes with Lotus,
Jaguar, and Maserati.
History
Ferdinand Porsche, founder of the Porsche firmThe
first Porsche, the Porsche 64 of 1938, used many components
from the Volkswagen Beetle. The second Porsche model
and first production automobile, the Porsche 356 sports
car of 1948, was built initially in Gmünd, Austria,
the location to which the company was evacuated during
war times, but after building forty-nine cars the
company relocated to Zuffenhausen.
Many
regard the 356 as the first Porsche simply because
it was the first model sold by the fledgling company.
Ferdinand
Porsche, pictured to the left, worked with his son,
Ferry Porsche, in designing the 356. Not long afterward,
on January 30, 1951, Ferdinand Porsche died from complications
following a stroke.
The
356 automobile used components from the Beetle including
its engine, gearbox, and suspension. The 356, however,
had several evolutionary stages, A, B, and C, while
in production and many VW parts were replaced by Porsche-made
parts.
The
last 356s were powered by entirely Porsche-designed
engines. The sleek bodywork was designed by Erwin
Komenda who also had designed the body of the Beetle.
Zuffenhausen Headquarters - left: Porsche Center;
rear left: body shell assembly; right: vehicle assemblyIn
1963, after some success in motor-racing, namely with
the Porsche 550 Spyder, the company launched the Porsche
911 another air-cooled, rear-engined sports car, this
time with a 6-cylinder "boxer" engine. The
team to lay out the body shell design was led by Ferry
Porsche's eldest son, Ferdinand Alexander Porsche
(F. A.). The design phase for the 911 caused internal
problems with Erwin Komenda who led the body design
department until then. F. A. Porsche complained Komenda
made changes to the design not being approved by him.
Company leader Ferry Porsche took his son's drawings
to neighbouring body shell manufacturer Reuter bringing
the design to the 1963 state. Reuter's workshop was
later acquired by Porsche (so-called Werk II). Afterward
Reuter became a seat manufacturer, today known as
Keiper-Recaro.
The
design group gave sequential numbers to every project
(356, 550, etc) but the designated 901 nomenclature
contravened Peugot's commercial rights on all 'x0x'
names, so it was adjusted to 911. Racing models adhered
to the "correct" numbering sequence: 904
906, 908. The 911 has become Porsche's most well-known
model, successful on the race-track, in rallies, and
in terms of sales. Far more than any other model,
the Porsche brand is defined by the 911. It remains
in production; however, after several generations
of revision, current-model 911s share only the basic
mechanical concept of a rear-engined, six-cylinder
coupe, and basic styling cues with the original car.
A cost-reduced model with the same body, but 356-derived
running gear (including its four-cylinder engine),
was sold as the 912.
The
company has always had a close relationship with
Volkswagen, and as noted above, the first Porsche
cars used many Volkswagen components. The two
companies collaborated in 1969 to make the VW-Porsche
914 and 914-6 whereby the 914-6 had a Porsche
engine and the 914 had a Volkswagen engine, in
1976 with the Porsche 912E (USA only) and the
Porsche 924, which used many Audi components and
was built at an Audi Neckarsulm factory. Most
944s also were built there although they used
far fewer VW components. The Porsche Cayenne,
introduced in 2002, shares its entire chassis
with VW Touareg, which is built at the koda
factory in Bratislava. Both Audi and koda
are wholly owned subsidiaries of Volkswagen. In
late 2005, Porsche took an 18.65% stake in VW,
further cementing their relationship and preventing
a takeover of Volkswagen, which was rumored at
the time. Speculated suitors included DaimlerChrysler,
BMW, and Renault.
The Porsche 912, a Porsche of the 1960sIn 1972
the company's legal form was changed from limited
partnership to private limited company (German
AG), because Ferry Porsche and his sister, Louise
Piëch, felt their generation members did
not team up well. This led to the foundation of
an executive board whose members came from outside
the Porsche family, and a supervisory board consisting
mostly of family members. With this change, no
family members were in operational charge of the
company. F. A. Porsche founded his own design
company, Porsche Design, which is renowned for
exclusive sunglasses, watches, furniture, and
many other luxury articles. Ferdinand Piëch,
who was responsible for mechanical development
of Porsche's serial and racing cars, formed his
own engineering bureau and developed a 5-cylinder-inline
diesel engine for Mercedes-Benz. A short time
later he moved to Audi and pursued his career
through the entire company, up to and including,
the Volkswagen Group boards.
The
first CEO of Porsche AG was Dr. Ernst Fuhrmann who
had been working in Porsche's engine development.
Fuhrmann was responsible for the so-called Fuhrmann-engine
used in the 356 Carrera models, as well as the 550
Spyder, having four over-head camshafts instead of
a central camshaft as in the Volkswagen-derived serial
engines. He planned to cease the 911 during the 70s
and replace it with the V8-front engined grand sportswagon
928. As we know today the 911 outlived the 928 by
far. Fuhrmann was replaced in the early 80s by Peter
W. Schutz, an American manager and self-proclaimed
911 aficionado. He was replaced in 1988 by the former
manager of German computer company Nixdorf Computer
AG, Arno Bohn, who made some costly miscalculations
that led to his dismissal soon after, along with that
of the development director, Dr. Ulrich Bez, who was
formerly responsible for BMW's Z1 model and today
is CEO of Aston Martin.
In
1990, Porsche drew up a memorandum of understanding
with Toyota to learn and benefit from Japanese
production methods. Currently Toyota is assisting
Porsche with Hybrid technology, rumored to be
making its way into a Hybrid Cayenne SUV.
Wendelin Wiedeking, president and CEO of Porsche
since 1993Following the dismissal of Bohn, an
interim CEO was appointed, longtime Porsche employee,
Heinz Branitzki, who served in that position until
Dr. Wendelin Wiedeking became CEO in 1993. Wiedeking
took over the chairmanship of the board at a time
when Porsche appeared vulnerable to a takeover
by a larger company. During his long tenure, Wiedeking
has remade Porsche into a very efficient and profitable
company.
Ferdinand
Porsche's grandson, Ferdinand Piëch, was chairman
and CEO of the Volkswagen Group from 1993 to 2002.
Today he is chairman of the supervisory board. With
12.8 per cent of the Porsche voting shares, he also
remains the second largest individual shareholder
of Porsche AG after his cousin, F. A. Porsche, (13.6
per cent).
Porsche's
2002 introduction of the Cayenne also marked the unveiling
of a new production facility in Leipzig, Saxony, which
once accounted for nearly half of Porsche's annual
output. The Cayenne Turbo S has the second most powerful
production engine in Porsche's history, with the most
powerful belonging to the Carrera GT.
In
2004, production of the 605 horsepower Carrera GT
commenced in Leipzig, and at EUR 450,000 ($440,000
in the United States) it was the most expensive production
model Porsche ever built.
As
of 2005, the extended Porsche and Piech families controlled
all of Porsche AG's voting shares. In early October
2005 the company announced acquisition of an 18.53%
stake in Volkswagen AG and disclosed intentions to
acquire additional VW shares in the future. As of
June 2006, the Porsche AG stake in Volkswagen had
risen to 25.1%, giving Porsche a blocking minority,
whereby Porsche can veto large corporate decisions
undertaken by VW.
In
mid-2006, after years of the Boxster (and later the
Cayenne) as the dominant Porsche in North America,
the 911 regained its position as Porsche's backbone
in the region. The Cayenne later took the lead again
temporarily.
The
911 is the current sales leader and can be credited
for more than two fifths of Porsche's sales; the Cayenne
currently takes less than a third. Slightly under
a tenth of Porsche sales consist of the Boxster, while
the Cayman takes up more than a fifth (which may be
explained by the recent expansion of the line). Total
Porsche sales in the United States and Canada hover
between 2,000 and 3,000 a month.
In
Germany the 911 clearly outsells the Boxster/Cayman
and Cayenne.
Auto racing
Porsche leads in the number of overall wins at the
24 hours of Le Mans race with 16.Porsche has been
successful in many branches of auto racing, scoring
a total of more than 28,000 victories.
As
Porsche only had small capacity road and racing cars
in the 1950s and 1960s, they scored many wins in their
classes, and occasionally also overall victories against
bigger cars, most notably winning the Targa Florio
in 1956, 1959, 1960, 1964, and every year from 1966-1970
in prototypes that lacked horsepower relative to the
competition, but which made up for that, with reliability
and good handling. In their September 2003 publication,
Excellence magazine identified Lake Underwood as Porsche's
quiet giant in the United States [1] and he is among
the four drivers, including Art Bunker, Bob Holbert,
and Charlie Wallace who are identified by the Porsche
Club of America as having made Porsche a giant-killer
in the USA during the 1950s and early 1960s. [2] Notable
early successes in the USA also included an overall
win in the 1964 Road America 500 for an under-2-litre
rs-60 driven by Bill Wuesthoff and Augie Pabst.
Particular
success has been in sports car racing, notably the
Carrera Panamericana and Targa Florio, races which
were later used in the naming of street cars. Also,
they did well in the Mille Miglia and especially 24
hours of Le Mans where they have won sixteen times
overall, more than any other company, plus many class
wins.
Porsche
started racing with lightweight, tuned derivatives
of the 356 road car, but rapidly moved on to campaigning
dedicated racing cars, with the 550, 718, RS, and
RSK models being the backbone of the company's racing
programme through to the mid 1960s. The 90x series
of cars in the 60s saw Porsche start to expand from
class winners that stood a chance of overall wins
in tougher races where endurance and handling mattered,
to likely overall victors. Engines grew from two litre
units to three litres in the 908 and to 4.5, and eventually,
to five litres in the 917. Meanwhile, the 911 was
establishing a reputation in production-based racing
and in rallying.
The
Porsche 917 is considered one of the most iconic sports
racing cars of all time and gave Porsche their first
Le Mans win, while open-top versions of it, utterly
came to dominate Can-Am racing. After dominating Group
4, 5, and 6 racing in the 1970s with the 911-based
934 and 935, and the prototype 936, Porsche moved
on to dominate Group C and IMSA GTP in the 1980s with
the Porsche 956/962C: one of the most prolific and
successful sports prototype racers ever produced.
Porsche
scored a couple of unexpected Le Mans wins in 1996-7
- a return to prototype racing in the USA was planned
for 1995, with a Tom Walkinshaw Racing chassis, formerly
used as the Jaguar XJR-14 and the Mazda MXR-01 fitted
with a Porsche engine. IMSA rule changes struck this
car out of the running and the private Jöst (Joest)
team raced the cars in Europe for two years, winning
back-to-back Le Mans with the same chassis. This is
a feat Porsche had also achieved in the 956 era; contrasting
with the 1960s and 1970s where most cars ran only
one or two races for the works before being sold on.
Porsche
regards racing as an essential part of ongoing engineering
developmentit was traditionally very rare for
Porsche racing cars to appear at consecutive races
in the same specification. Some aspect of the car
almost invariably, was being developed, whether for
the future race programme or as proof of concept for
future road cars.
Many
Porsche race cars are run successfully by customer
teams, financed and run without any factory support;
often they have beaten the factory itself. Recently,
996-generation 911 GT3s have dominated their class
at Le Mans and similar endurance and GT races.
The
various versions of the 911 also proved to be a serious
competitor in Rallys as long as regulations allowed
them to compete. The Porsche works team was only very
occasionally present in rallying in the 1960s and
1970s, but the best private 911s often were close
to other brand works cars. Jean-Pierre Nicolas even
managed to win the 1978 Monte Carlo Rally with a private
911 SC. The Paris Dakar Rally was won twice, also
using the 911 derived Porsche 959 Group B supercar.
Porsche
also has participated in single seater racing with
mixed results; Formula Two cars, initially based on
the RSK sports racer, first appeared in the late 1950s
and enjoyed some success; these cars moved up to Formula
One in 1961 and in 1962 a flat-eight powered 804 produced
Porsche's only win as a constructor in a championship
race, claimed by Dan Gurney at the 1962 French Grand
Prix. One week later, he repeated the success in front
of Porsche's home crowd on Stuttgart's Solitude in
a non-championship race. At the end of the season,
Porsche retired from F1 due to the high costs and
lack of success. Privateers continued to enter the
out-dated Porsche 718 in F1 until 1964.
Porsche
returned to Formula One in 1983 after nearly two decades
away, supplying engines badged as TAG units for the
McLaren Team. The TAG engine was designed to very
tight requirements issued by McLaren's John Barnardhe
specified the physical layout of the engine to match
the design of his proposed car. The engine was funded
by TAG who retained the naming rights to it, although
the engines bore "made by Porsche" identification.
TAG-Porsche-powered cars took two constructor championships
in 1984 and 1985, three driver crowns in 1984, 1985,
and 1986.
Porsche
returned to F1 again in 1991 as an engine supplier,
however, this time with disastrous results: Porsche-powered
Footwork cars failed to score a single point, and
failed even to qualify for over half the races that
year; Porsche has not participated in Formula One
since.
Porsche
attempted an Indianapolis 500 entry in the late 1970s
with a turbocharged 911-based engine in a bespoke
car for Danny Ongais and the Interscope team; failure
to agree turbo boost levels with USAC meant that this
was shelved, although the engine later became the
basis of that used in the 956 and 962. They returned
to CART in the 1980s with a turbo V8 in their own
2708 chassis, but this did not enjoy any success and
a March chassis scored their only successes.
Porsche
has sponsored the Carrera Cup and Supercup racing
series by providing cars and support since 1990. The
late 1990s saw the rise of racing success for Porsche
with The Racer's Group, a team owned by Kevin Buckler
in Northern California. In 2002, Buckler won the 24
Hours of Daytona GT Class and the 24 Hours of Le Mans
GT Class. In 2003, a 911 run by The Racers Group (TRG)
became the first GT Class vehicle since 1977 to take
the overall 24 Hours of Daytona victory.
Stock
and lightly-modified Porsches are raced in many competitions
around the world; some of these are primarily amateur
classes for enthusiasts, but the Porsche Michelin
Supercup is a wholly professional category, raced
as a support category for European Formula One rounds.
Porsche
dropped its factory motorsports programs during the
turn of the twenty-first century, preferring to support
privateers, for financial reasons. An LMP1 prototype
with a V10 engine similar to that used in the Carrera
GT was abandoned, unraced. Porsche has only recently
made a comeback with the new RS Spyder prototype,
and even this is run by closely-associated customer
teams rather than by the works. Based on LMP2 homologation
regulations, the RS Spyder made its debut for Roger
Penske's team at Laguna Seca during the final race
of the 2005 ALMS season, and immediately garnered
a class win in the LMP2 class and finishing 5th overall.
The RS Spyder clearly possessed the pace to challenge
the Audi and Lola P1 automobiles in the ALMS on all
but the fastest circuits winning the LMP2 championship
on its debut year.
Major
Victories and Championships
Porsche
cars :
14
Makes and Team World Championship (1964, 1969, 1970,
1971, 1976, 1977, 1978, 1979, 1982, 1983, 1984, 1985,
1986, 1994)
8 Long Distance World Championship
3 IMSA Supercar-Series (1991, 1992, 1993)
6 German Racing Championship (1977, 1979, 1982, 1983,
1984, 1985)
20 European Hill Climbing Championship
20 Daytona 24 Hour (1968, 1970, 1971, 1973, 1975,
1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985,
1986, 1987, 1989, 1991, 1995, 2003)
15 IMSA Supercar-Race (USA)
16 Le Mans 24 Hour (1970, 1971, 1976, 1977, 1979,
1981, 1982, 1983, 1984, 1985, 1986, 1987, 1994, 1996,
1997, 1998)
17 Sebring 12 Hour (1960, 1968, 1971, 1973, 1976,
1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985,
1986, 1987, 1988)
11 Targa Florio (1956, 1959, 1960, 1963, 1964, 1966,
1967, 1968, 1969, 1970, 1973)
4 Rallye Monte Carlo (1968, 1969, 1970, 1978)
2 Paris-Dakar Ralley (1984, 1986)
1 Formula 1 victory (1962)
TAG-Porsche engine in McLaren cars :
3
Formula 1 Driver World Championship (1984, 1985, 1986)
2 Formula 1 Constructor World Championship (1984,
1985)
25 Formula 1 victories (1984, 12 wins; 1985, 6 wins;
1986, 4 wins; 1987, 3 wins)
Famous collectors
Miles Collier, Jr. - grandson to Barron Collier, purchased
the renowned seventy-one car collection of Briggs
Cunningham and combined some of the collection with
his own, that includes about twenty Porsche race carsincluding
their class winners at Sebring, the Porsche 904GT
in 1964 and Porsche 917K (Kurzheck) in 1970when
he created a museum dedicated to his father Miles,
and uncles, Sam and Barron Jr., who founded the 1933
Automobile Racing Club of America that metamorphosed
in 1944 into the Sports Car Club of America
James Dean - died on the way to a hospital after a
crash in his silver Porsche 550 Spyder, caused when
he was cut off by another driver, in September 1955
near Cholame, California
Bill Gates - briefly was jailed in Albuquerque for
racing his Porsche 911 in the New Mexico desert; imported
a Porsche 959 which was impounded by U.S. Customs
Richard Hammond - Top Gear co-presenter, owns two
911s and a 928
Janis Joplin - owned a Porsche 356-C Cabriolet that
was extravagantly and psychedelically painted for
her by Dave Richards to match her public persona
Steve McQueen - raced Porsche prototypes, owned a
Porsche 356 Speedster, a Porsche 908, and a Porsche
917, and made a movie dedicated to the 24 Hours of
Le Mans
Carl Sagan - astronomer, astrobiologist, scientist,
and a highly successful science popularizerremembered
for his articulate explanations of astronomical and
cosmological research while commenting upon space
exploration to the publicwhose license plate
bore the name of a moon of another planet in our solar
system
Jerry Seinfeld - rumored to own one of the largest
collections of Porsche automobiles in the world
Lake Underwood - Porsche's Quiet Giant so named
by Excellence magazine (a magazine covering everything
Porsche) has several historic Porsches among
his collection
Pronunciation of "Porsche"
"Porsche", a proper name, is originally
pronounced as, PORSH-uh (IPA /'p????/) (correct pronunciation
which is how members of the Porsche family pronounce
their name.
Some
tend to vocalize the e, which results in Por-SCHA.
Others, particularly in Canada and the United States,
mistakenly treat the e as silent, an English pronunciation
rule that does not apply to German, producing the
monosyllabic, porsh.
The
correct pronunciation of "Porsche". (Creditz:
Wikipedia).
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Ing. h.c. F. Porsche AG
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