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Porsche Wants To Get Into The Defense Industry
Porsche Automobil Holding SE, the holding company run by the Porsche-Piëch family that holds controlling shares of Volkswagen Group and the Porsche car brand, this week announced that it intends to diversify its investment portfolio to include the defense sector. This is a major expansion of the company's area of interest, which up until now has focused on its automotive empire as well as investments in mobility and industrial companies. It will do so by building "a platform for investments... in cooperation with other investors and strong partners," according to a statement.
