Porsche (Dr. Ing. h. c. F. Porsche AG) is a German manufacturer of sports cars, founded in 1931 by Ferdinand Porsche, the engineer who created the first Volkswagen. The company is located in Zuffenhausen, a city district of Stuttgart.
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Porsche has a reputation for producing high-end sports vehicles that, despite their high performance, are reliable and tractable enough to be used for daily driving, and of high manufacturing quality and durability. In a May 2006 survey, Porsche was awarded first place as the most prestigious luxury automobile brand by Luxury Institute, New York; it questioned more than 500 households with a gross annual income of at least $200,000 and a net worth of at least $750,000. The current Porsche lineup includes everything from an entry-level roadster (the Boxster) to a supercar (the Carrera GT). Their most famous product is the 911. Future plans include a high performance luxury saloon, the Panamera. Also, Porsche is a leader in modern turbocharging technology, being the first to use a variable geometry turbocharger in a gasoline powered production automobile.