A percentage of the profits derived ultrasonic welding machine;
All of the raw materials for building Ferrys sports cars;
Use of Volkswagens worldwide network of dealers for sale of Porsche cars;
Use of Volkswagens worldwide network of technical support;
Ferry would be the only Volkswagen dealer in Austria.
Done! That sealed a co-dependency which persists to this day. Ferry brought his company back to Stuttgart. He resumed production of the Porsche 356 and started work on a new engine which was to be called the Carrera. He raced a special version of the 356 at LeMans in 1951. The car won in its category. He won again at Targa Florio in 1959 and at LeMans in 1970 with a model called the 917.
By now, the 356 was aging too; and there was demand for a new model. The result was the acclaimed 911, which has been the longest-running sports car in production, ever. The 911 was basically the 356 fitted with the new liquid-cooled six-cylinder Carrera engine, which featured an astounding 300 horsepower.
Ferry continued to run the company, which he changed from a limited partnership to the German equivalent of a corporation in 1972. Even so, the two related families Porsche and Piëch continued to retain and maintain effective control of the company. When Ferry died in 1998, his son Ferdinand Alexander took his place at the helm.
Meanwhile, Anton and Louise (Porsche) Piëchs son Ferdinand Karl Piëch, also an automotive engineer, had served at the Porsche company, where he was instrumental in the development of the Porsche 917. He developed a Diesel engine for Mercedes while in private engineering practice, moved to the Audi subsidiary of Volkswagen, and then, in 1993, to the Volkswagen Group itself, where he became Chairman and CEO. He retired from the Board of Management in 2002, but he still serves in an advisory capacity as Chairman of the Supervisory Board. In other words, he is very much On The Scene at Volkswagen. All of this, it may be noted, proceeds apace while he himself still owns about 13% of the Porsche company. He has thirteen children by four women, so the family tradition may continue for a while. There is a strict unwritten rule in the family that nobody talks to the press.
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