The Financial Performance And Condition Of The Porsche Se Group

1370 Words6 Pages
When we think about Porches, we think about beautiful, high performance, sports cars. Porches started in a small workshop in Gmund, Austria, where the first sports car was released in June of 1948. Since then Porsche has grown into a thriving company that is associated with the beautiful sports cars they produce. Porsche SE Group is an automobile manufacturing company that produces vehicles under the Porsche brand and also produces a variety of brands that fall under the Volkswagen umbrella of the company. Porsche’s has grown into one of the largest automobile manufacturers in the world. Throughout this paper, we will assess the financial performance and condition of the Porsche SE Group, as well as, providing an analysis of the strengths, weaknesses, opportunities, and threats (SWOT) in relation to this company. In addition, company decisions will be analyzed for quality. Also, a few recommendations for improving the company will be provided. Porsche was founded in 1930 by Dr. Ferdinand Porsche as an automotive design and engineering company (Funding Universe, ND.). He had a reputation to be one for designing innovative cars and even attacked the attention of Aldof Hitler. There was soon a collaboration between Porsche and Hitler, which resulted in the 1939 production of the Type 60 KdF-Wagen (Price, 2006, p58). The car designed by Porsche was known as the “people’s car”, rather than a Volkswagen, however the car was called the Beetle by the German people and

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