17.04.

1937: Porsche’s Grandson Heads a Giant Volkswagen Group

1937: Porsche’s Grandson Heads a Giant Volkswagen Group
Photo Credit To Wikipedia Commons

Story Highlights

  • Historical event:
  • 17 April 1937
  • Ferdinand Piëch, the longtime head of the Volkswagen Group, is a son of Louise Porsche (she is a daughter of the famous Ferdinand Porsche). Piëch completed his education at the famous technical university in Zürich (ETH Zürich), where Albert Einstein had also studied.

The Austrian businessman Ferdinand Piëch, one of the most powerful European businessmen of the 20th century, was born on this day in 1937.

Ferdinand Piëch was the longtime head of the Volkswagen Group, and achieved certain business results. It is interesting that Piëch is actually the grandson of the famous Ferdinand Porsche who designed the Volkswagen Beetle and other vehicles.

The Piëch and Porsche families had been connected since before World War II. Anton Piëch, the father of Ferdinand Piëch, was Ferdinand Porsche`s lawyer. Anton married Louis Porsche (the only daughter of Ferdinand Porsche). Anton Piëch owned 15% of the Porsche`s car company.

Louisa Porsche gave birth to their son Ferdinand Piëch on this day in 1937. Ferdinand Piëch completed his education at the famous technical university in Zürich (where Albert Einstein had also studied). The Audi company`s models 80, 100 and Quattro achieved certain results, so the company became a serious competitor to BMW and Mercedes.

Ferdinand Piëch became President of the Volkswagen Group in 1993. His group consists of a series of car brands – Volkswagen, Audi, Seat, Skoda, Lamborghini, Bugatti and Bentley. Ferdinand Piëch owns about 10% of the Porsche car company. Interestingly, he has 12 children.

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