The Volkswagen Group Board today welcomed the Porsche Holding Salzburg officially as part of the VW Group. The distribution company since 1 March 2011, ownership of the group and to increase sales steadily. The PHS is one of the most successful private automotive retailer in Europe with a strong presence, especially in Austria, West and South-Eastern Europe and China.
In calendar year 2010 was the sale of 565 000 new and used cars achieved sales of 12.84 billion euros, compared to the market at an above-average profitability. The PHS employs approximately 20 900 people. In Austria, one of every three newly registered car is coming from a corporate brand.
For over 54 years, Volkswagen is the undisputed number one on the streets of the country. Volkswagen by Porsche Holding to Salzburg (PHS) 1 March 2011 at a fixed value of 3.3 billion € over all automotive areas. These include the wholesale and retail business, computer science, Porsche, Porsche Bank, Porsche, Porsche insurance, and real estate and the PGA Motors, based in Paris.
The PHS will remain as part of the VW group a separate business unit. The VW Group and Porsche Holding Salzburg (PHS) cultivated over the past 60 years a close and successful cooperation. On this basis, achieve the Group's brands in Austria and throughout the rest of the high level of client countries PHS market share.
"Even under the roof of the Volkswagen-Porsche Holding Salzburg is therefore its proven and successful business model to continue unchanged. All parts of the business and around 21 000 jobs are retained not only - even more so, it created, new jobs, "said Group Sales Director, Christian Klingler, the Volkswagen Group. 
In calendar year 2010 was the sale of 565 000 new and used cars achieved sales of 12.84 billion euros, compared to the market at an above-average profitability. The PHS employs approximately 20 900 people. In Austria, one of every three newly registered car is coming from a corporate brand.
For over 54 years, Volkswagen is the undisputed number one on the streets of the country. Volkswagen by Porsche Holding to Salzburg (PHS) 1 March 2011 at a fixed value of 3.3 billion € over all automotive areas. These include the wholesale and retail business, computer science, Porsche, Porsche Bank, Porsche, Porsche insurance, and real estate and the PGA Motors, based in Paris.
The PHS will remain as part of the VW group a separate business unit. The VW Group and Porsche Holding Salzburg (PHS) cultivated over the past 60 years a close and successful cooperation. On this basis, achieve the Group's brands in Austria and throughout the rest of the high level of client countries PHS market share.
"Even under the roof of the Volkswagen-Porsche Holding Salzburg is therefore its proven and successful business model to continue unchanged. All parts of the business and around 21 000 jobs are retained not only - even more so, it created, new jobs, "said Group Sales Director, Christian Klingler, the Volkswagen Group.
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- Porsche, Schaeffler Sell EU6.8 Billion in Stock to Reduce Debt (28/03/2011)
- UPDATE 3-Volkswagen's profits hit record, eyes even more (25/02/2011)
- VW Closing Purchase of Porsche. Still Eyeing Alfa-Romeo (02/03/2011)
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