“We mourn with the family the loss of Ferdinand K. Piëch, the extraordinary manager and engineer, the strategist and simply the car-enthusiast, who he was all his life.” With these words Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche Automobil Holding SE (“Porsche SE“), Stuttgart, and speaker of the Porsche family, responded to the news of the death of Porsche SE’s long-time former member of the Supervisory Board and past shareholder, Ferdinand K. Piëch.

Porsche Holding Salzburg (PHS), Europe’s largest automotive distribution company, is pushing ahead with its growth strategy. At the end of April, it signed agreements with Sociedade de Importação de Veículos Automóveis, S.A. (SIVA), a subsidiary of the major Portuguese automotive group SAG-SGPS SA, to acquire importer operations for Volkswagen Passenger Cars, Volkswagen Light Commercial Vehicles, Audi, ŠKODA, Bentley and Lamborghini.

In 2018, Porsche Holding Salzburg (PHS) had a very successful financial year once again. As of the end of 2018, the company maintained wholesale and retail operations for Volkswagen Group brands in 27 countries; it even exceeded the high levels which were achieved the previous year and continues to perform well in the regions.

Porsche Holding Salzburg (PHS) has signed an agreement to acquire twelve Group-owned Volkswagen dealership operations in Japan which until now were managed by Volkswagen Group Japan (VGJ).

2018 was another very successful year for Porsche Holding Salzburg, according to Hans Peter Schützinger, CEO of the PHS Management Board. The preliminary sales volume figures for the 2018 financial year were presented at today’s annual press conference, held in Vienna.