Porsche creates the Ferry Porsche Foundation
21 May 2018|2,119 views
The Ferry Porsche Foundation is intended primarily to support projects in connection with education and social issues, as well as play an active role in youth development. The company is making an initial investment of €10 million in the foundation, with a further €10 million to follow in a second stage.
The foundation's name stems from Ferry Porsche, son of famous vehicle designer Professor Ferdinand Porsche, who founded the Porsche sports car brand in 1948. With the 356 model, he turned his dream of the perfect sports car into a reality. To this day, the company is shaped by Porsche's socially conscious management philosophy that puts the interests of the employees first.
"For Porsche, economic success and social responsibility are inextricably linked," says Oliver Blume, Chairman of the Executive Board of Porsche AG. "Through the Ferry Porsche Foundation, we aim to strengthen our existing social and civic activities in a sustainable way, independent of our day-to-day commercial operations." Porsche AG will provide additional funds to the foundation each year from the company's profits. In previous years, Porsche has invested up to €5 million annually to promote civil, cultural and social institutions.
The Ferry Porsche Foundation is intended primarily to support projects in connection with education and social issues, as well as play an active role in youth development. The company is making an initial investment of €10 million in the foundation, with a further €10 million to follow in a second stage.
The foundation's name stems from Ferry Porsche, son of famous vehicle designer Professor Ferdinand Porsche, who founded the Porsche sports car brand in 1948. With the 356 model, he turned his dream of the perfect sports car into a reality. To this day, the company is shaped by Porsche's socially conscious management philosophy that puts the interests of the employees first.
"For Porsche, economic success and social responsibility are inextricably linked," says Oliver Blume, Chairman of the Executive Board of Porsche AG. "Through the Ferry Porsche Foundation, we aim to strengthen our existing social and civic activities in a sustainable way, independent of our day-to-day commercial operations." Porsche AG will provide additional funds to the foundation each year from the company's profits. In previous years, Porsche has invested up to €5 million annually to promote civil, cultural and social institutions.
Latest COE Prices
April 2024 | 2nd BIDDING
NEXT TENDER: 08 May 2024
CAT A$94,010
CAT B$102,001
CAT C$68,502
CAT E$103,249
View Full Results Thank You For Your Subscription.