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Porsche to become a European company
On 26 June, the German company Porsche AG will be legally transformed into a European company under the name Porsche Automobil Holding SE, the new status will allow the company to work as a single legal entity in all 27 EU states.
In the same move, Volkswagen AG (and therefore all its subsidiaries) will be placed under the direct control of Porsche SE.
Porsche SE headquarters should remain in Stuttgart but this has yet to be confirmed (a SE company can easily move its headquarters to any EU state).
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