Annual general meeting of Porsche SE in Stuttgart / significantly larger dividend for holders of ordinary and preference shares proposed
Stuttgart, 25 June 2012. The CEO of Porsche Automobil Holding SE, Stuttgart, Prof. Dr. Martin Winterkorn, underscored at today’s annual general meeting the extraordinary positive cooperation of the company’s two investments and their good future prospects. “Volkswagen and Porsche are already working together extremely well. Both companies are excellently positioned for a successful future together,” said Winterkorn in front of the shareholders in Stuttgart. According to the CEO, the planned creation of an integrated automotive group offers Volkswagen and Porsche substantial advantages. This would allow an even tighter integration of the operating business. On this basis, Volkswagen and Porsche would be able to considerably strengthen their competitive position once more. “We want to complete the integrated automotive group at economically viable conditions and as quickly as possible”, Winterkorn said. Read more
Prof. Winterkorn and Hans Dieter Pötsch appointed for five more years
Stuttgart, 9 March 2012. In today’s meeting the Supervisory Board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, extended the appointment of Prof. Dr. Martin Winterkorn as CEO and Hans Dieter Pötsch as CFO by five years effective 25 November 2012. They will exercise these tasks in addition to their functions as members of the Management Board of Volkswagen AG, Wolfsburg.
Dr. Wolfgang Porsche, Chairman of the Supervisory Board expressed his sincere thanks to the two Board Members for their successful work and said that he is convinced they will bring in their respec-tive know how and experience for the good and the further development of Porsche SE.
source: Porsche SE
Annual General Meeting in Stuttgart / very good business development of Porsche and Volkswagen investments / proposed dividend of 50 cents per preference share
Stuttgart, 17 June 2011. Porsche Automobil Holding SE (Porsche SE) is continuing to benefit from the very good business development of its Volkswagen and Porsche investments. In the first three months of the fiscal year 2011, profit after tax totaled 691 million euro. Already in the short fiscal year 2010, from 1 August to 31 December of the prior year, Porsche SE disclosed profit after tax of 1.29 billion euro. “Porsche SE is clearly on track for success,” Prof. Dr. Martin Winterkorn, CEO of Porsche SE told shareholders at the company’s Annual General Meeting in Stuttgart. Read more
Porsche unveiled a futuristic hybrid supercar this week that it claims can hit 100km/h in just 3.2 seconds while emitting just a tiny fraction of the carbon put out by most sports cars.
The 918 Spyder prototype is the German carmaker’s offering to the growing market for hybrid cars that combine an internal combustion engine with electric propulsion, dramatically slashing the amount of greenhouse gasses the car emits.