The families behind Porsche SE are considering branching away from the car industry, as plans to combine automakers Porsche and Volkswagen gain momentum.
At Porsche SE’s annual general meeting on 25 June, the Porsche and Piech families, which control 90% the holding company’s common shares, voted unanimously to change the business’s charter.
The move means the holding company can invest in new business fields, such as energy, real estate and materials for the auto industry.