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Porsche SE (/ˈpɔrʃə/[1]) is a German automotive manufacturer of luxury high performance automobiles, which is majority-owned by the Piëch and Porsche families.

Dr. Ing. h.c. F. Porsche AG (which stands for Doktor Ingenieur honoris causa Ferdinand Porsche Aktiengesellschaft), often shortened to Porsche AG, is responsible and manufacturer of the Porsche automobile line.

The company is headquartered in Zuffenhausen, a city district of Stuttgart, Baden-Württemberg.

It was founded in 1931 by Ferdinand Porsche, an Austro-Hungarian engineer born in Maffersdorf, Austria-Hungary (today Vratislavice, Czech Republic).

Porsche is also known for designing the first Volkswagen, but Béla Barényi is credited with having conceived the basic design five years earlier.[2] The company currently produces 911 (997), Boxster and Cayman sports cars and Cayenne sport utility vehicles. The latest model line, the four-door Panamera saloon (sedan), was launched on Monday, 20 April 2009.

In August 2009, Porsche SE and Volkswagen Group reached an agreement that Volkswagen and Porsche AG would merge in 2011.

The Porsche 911 (pronounced as Nine Eleven, German: Neunelfer) is a sports car made by Porsche AG of Stuttgart, Germany.

The famous, distinctive, and durable design is notable for being rear engined like the Porsche-designed Volkswagen Beetle it had been based on. The car was also air-cooled until the introduction of the all-new Type 996 in 1998.

Since its introduction in autumn 1963, it has undergone continuous development. The basic concept remained unchanged throughout its evolution.

Since its inception the 911 has been modified, both by private teams and by the factory itself, for racing, rallying and other types of automotive competition.

It is often cited as the most successful competition car ever, as the normally aspirated 911 Carrera RSR in the mid 1970s has won major world championship sports car races such as Targa Florio, Daytona, Sebring or Nürburgring outright even against prototypes. The 935 turbo also added the coveted 24 Hours of Le Mans in 1979.

In the 1999 international poll for the award of Car of the Century, the 911 came fifth after the Ford Model T, the Mini, the Citroën DS and the Volkswagen Beetle.

It is the only one in the top five that remained continuously in production.

It is the most successful surviving application of the air- (now water-) cooled opposed rear engine layout pioneered by its original ancestor, the Volkswagen Beetle, having increased its original 25 PS (18 kW; 25 hp) more than tenfold, or 30fold in turbocharged race cars. It is the second-oldest sports car nameplate still in production, behind the Chevrolet Corvette (started in 1953)

The Porsche Cayman is a mid-engined, rear wheel drive 2-seat sports car produced by Porsche AG of Germany.

First launched in the 2006 model year, the Cayman is a coupé derived from Porsche's second generation Boxster convertible.

Like the Boxster, most Caymans are assembled in Finland for Porsche by Valmet Automotive (the rest are assembled in Zuffenhausen near Stuttgart, Germany).

Porsche's Deputy Chairman, Holger P. Haerter confirmed that their contract with Valmet Automotive will end in 2012, and the Cayman's production will be outsourced to Magna Steyr Fahrzeugtechnik of Graz, Austria. (Panorama, 2008)