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Porsche has a long history in U.S. with the first model being imported to New York in 1950. With success, came the need for a wholly owned susidary; thus PCNA (Porsche Cars North America,
Inc.) was formed in January 1984 and began operation on September 1, 1984. PCNA also assumed distribution operations for Canada on January 1, 1995. In early 2008, Porsche created Porsche Cars Canada as an
independent importer of automobiles, parts and accessories through its 12 Canadian dealers. As a separate subsidiary with dedicated leadership, Porsche Cars Canada has market and financial accountability as an
importer and reports directly to Porsche headquarters in Stuttgart, Germany
Porsche Cars North America, Inc. (PCNA)
980 Hammond Dr., Ste. 1000
Atlanta, GA 30328
Phone: 770-290-3500
Porsche Cars North America, Based in Atlanta, and its subsidiary Porsche Cars Canada, Ltd., with an office in Toronto, are the exclusive importers of Porsche automobiles, automobile parts
and accessories for the United States and Canada. PCNA is a wholly- owned, indirect subsidiary of Dr. Ing. h.c.F. Porsche AG. PCNA operates ports of entry in Brunswick, Ga., San Diego, Calif., Baltimore, Md., and
Halifax, Nova Scotia, where all vehicles sold in the United States and Canada arrive for shipment to dealers.
Dr. Ing. h.c. F. Porsche AG
Porscheplatz 1
D - 70435 Stuttgart
Telefon (0711) 911 - 0
Porsche Automobil Holding SE
Porsche Automobil Holding SE was founded on June 26, 2007 at the annual general meeting of Porsche AG, with a unanimous vote of the shareholders. At the time, the objective was to spin off the
operative automobile business as a wholly owned subsidiary and to create the holding company as a business unit responsible for managing equity investments.
Today, Porsche Automobil Holding SE manages its stake in Porsche Zwischenholding GmbH (50.1%), which in turn holds 100% of Porsche AG, as well as the stake in Volkswagen AG (50.7%).
The Porsche Automobile Holding SE is responsible for the stock of the operating subsidiary, Dr. Ing. h.c. F. Porsche AG, and for the investments in Volkswagen AG. With the new structure, Porsche
ensures that the autonomy and independence of the traditional Stuttgart-based company remain fully protected. This is the main purpose of separating holding and operating activities. At the same time, the holding
also represents a single company responsible for the management of stock.
The Porsche's Extraordinary General Meeting on June 26, 2007 was the starting point for the Porsche Automobil Holding SE. Shareholders of the Dr. Ing. h.c. F. Porsche AG voted unanimously in favor of
the operating activities of Porsche AG becoming the responsibility of a hundred percent subsidiary in accordance with the provisions of the Transformation Act, of adopting a controlling and profit transfer agreement
between the holding company and the operating subsidiary, and also of transforming the holding company into a European Company, a so-called Societas Europaea (SE). The name 'Porsche Automobil Holding' was also
unanimously approved. The company's headquarters is in Stuttgart.
The decision to transform the company into an SE follows on from the fact that this is a modern form of company with an international focus, which will
provide the prerequisites for the ongoing development of the Porsche Group. The supra-national legal status of an SE not only requires the creation of an
open and international corporate culture, but also offers the opportunity to keep a Supervisory Board with twelve members, which thus far has proven to be an ideal number.
The SE was inscribed in the trade register on November 13, 2007. This required a draft final balance report from Dr. Ing. h.c. F. Porsche AG for July
31, 2007, which was finalized by the Supervisory Board the day before the registration. From a legal point of view, Porsche Automobil Holding SE and
the former Dr. Ing. h.c. F. Porsche AG are one and the same legal entity. This means the change in corporate form to become an SE entailed no
transfer of assets and liabilities. Nevertheless, the company received a new registration number with the Stuttgart District Court when it became a SE.
All shareholders of the former Dr. Ing. h.c. F. Porsche AG became shareholders in Porsche Automobil Holding SE after the change in corporate form.
www.porsche-se.com
Porsche Zwischenholding GmbH
03/17/2010
Porsche Zwischenholding GmbH reported earnings for the first half of fiscal 2010. For the period, the company reported operating profit of EUR 329
million. There is no comparable prior-year figure because of the changes in Porsche's structure. Revenue increased by 3.7% on the year to EUR 3.16
billion. The number of sold vehicles fell by 1.7% to 33,670. (source: businessweek)
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