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Porsche, arguably the world's most famous and respected sports car maker, celebrates its 60th birthday this year.
In 1948, the first prototype with the vehicle identification number 356-001 received official approval and homologation for road service.
"It all started when I began looking around and could not find my dream car, so I decided to build it myself," said Ferry Porsche.
Over the past six decades, Porsche has experienced highs and some incredible lows.
"We have always seen ourselves as David who must stand up to the Goliaths in this industry," says Porsche CEO, Dr Wendelin Wiedeking. "This self-image has shaped us throughout the years - but it has also made us successful."
When Wiedeking took over management in 1992, Porsche had reached the depths of its most serious economic crisis and was ripe for takeover. Wiedeking and his board produced the Boxster, and streamlined management and production philosophies.
As quickly as 1995, Porsche was back in the black.
Porsche moved towards another new future in September 2005, by taking a majority holding in Volkswagen AG. With almost 31 per cent of the voting share capital, Porsche is now the largest shareholder in VW. During this year, its share will increased to more than 50 per cent.
Wiedeking has promised continued independence for both: "Porsche will remain Porsche in the future. Just as Volkswagen will remain Volkswagen. That is the recipe for success."
