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Dr. Ing. h.c. F. Porsche AG (often abbreviated to Porsche AG) is a German sports car manufacturer, founded in 1931 by Ferdinand Porsche, also the designer of the first Volkswagen. The company is located in Zuffenhausen, close to Stuttgart. Today, the company is owned by Volkswagen, which is again largely owned by Porsche SE. There is another company called Porsche Consulting GmbH. This company has offered its services to other car manufacturers for many years. Studebaker, Seat, Lada, Daewoo and Subaru have all used Porsche's knowledge to develop their cars. The headquarters and factory are located in Zuffenhausen, but a new factory has been built for the Cayenne and Carrera GT in Leipzig. Part of the Boxster production was done at Valmet Automotive in Finland. Porsche sold 246,375 cars in 2017 with an average win rate of 17.6%.
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