Porsche bought 20% of VW ag
And the good Dr. (Porsche) designed the VW beetle for Herr Hitler as "the people's car" He also designed the famous tiger tanks that the US and the UK couldn't kill but the German Army didn't deploy because they thought they were too valuable.
Ferdinand Anton Ernst Porsche (born 19 September 1909 in Wiener Neustadt – 27 March 1998 in Zell am See), mainly known as Ferry Porsche, was an German-Austrian technical automobile designer and automaker-entrepreneur. He operated Porsche AG in Stuttgart, Germany. His father, Ferdinand Porsche senior, was also a renowned automobile engineer, and his nephew, Dr. Ferdinand Piech, was chairman of Volkswagen from 1993 to 2002.
The life of Ferry Porsche was intimately related to his father, Ferdinand Porsche senior, who taught his son all of his technical knowledge since his childhood. Father and son opened a bureau of automobile design, at Stuttgart in 1931.
Almost immediately, they worked together to fill their country's National Socialist regime's needs and they met Adolf Hitler at many business events. The Volkswagen Beetle was designed by Ferdinand Porsche senior and a team of engineers (that included Ferry Porsche).
After World War II, while the senior Porsche remained imprisoned in France being accused as a criminal of war, Ferry Porsche maintained the company and its business deals. Aided by the postwar Volkswagen enterprise, he created the first real Porsches. Despite the political-economical adversities of the postwar years and the designing labors, the company manufactured automobiles and, eventually, became a world powerhouse for producing sport cars.
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"If you can make black marks on a straight from the time you turn out of a corner until the braking point of the next turn, then you have enough horsepower"
-Mark Donohue