The members of the management boards of both Volkswagen AG and Porsche Automobil Holding SE have been in intensive talks about the deepening of the cooperation over the past weeks. The family shareholders of Porsche Automobil Holding SE, Stuttgart, have discussed the proposals resulting therefrom, with the inclusion of capital measures, this Wednesday and argued for the creation of an integrated car manufacturing group. In the final structure ten brands shall stand below an integrative leading company alongside each other, whereby the independence of all brands and explicitly also of Porsche shall be ensured.

On this basis both companies Volkswagen and Porsche intensify the talks in a joint working group with the relevant involvement of the State of Lower Saxony as largest co-shareholder as well as the employee representatives of both companies. It is the aim to develop a corresponding basis for decision-making on the future structure of the common group within the next four weeks. 

    Language:     English
Issuer:       Porsche Automobil Holding SE
              Porscheplatz 1
              70435 Stuttgart
              Deutschland
Phone:        +49 (0)711 911-11000
Fax:          +49 (0)711 911-26375
E-mail:       info@porsche.de
Internet:     www.porsche-se.com
ISIN:         DE000PAH0038
WKN:          PAH003
Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),
              München, Stuttgart; Freiverkehr in Hannover, Hamburg,
              Düsseldorf; Terminbörse EUREX

Porsche Automobil Holding SE
Frank Gaube, +49-711-911-25567
frank.gaube@porsche.de