Porsche AG is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. The headquarters of Porsche AG is in Stuttgart, and the company is owned by Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE. Porsche's current lineup includes the 718 Boxster/Cayman, 911, Panamera, Macan, Cayenne and Taycan.
Ferdinand Porsche founded the company called "Dr. Ing. h. c. F. Porsche GmbH" with Adolf Rosenberger and Anton Piëch in 1931.
One of the first assignments the new company received was from the German government to design a car for the people; that is, a Volkswagen. This resulted in the Volkswagen Beetle, one of the most successful car designs of all time. The Porsche 64 was developed in 1939 using many components from the Beetle.
A Canadian study in 2011 revealed that 97.4 percent of Porsches from the last 25 years are still on the road. In 2014, the Cayman and Boxster made the Consumer Reports list for most reliable vehicles on the road. Porsche's 911 has been officially named by the Technischer Überwachungsverein (Technical Inspection Association) as Germany's most reliable car.