Porsche
Also known as: Porche
LeaveRussia detail: Scaling Back
Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany.
Business in Russia
"Porsche AG still has three Russian subsidiaries (Porsche Russia, Porsche Center Moscow, PFS Russia). All attempts to sell these companies have so far been unsuccessful," Matthias Rauter, head of corporate communications at Porsche AG, explained to Autonews.ru. Hundreds of Porsche cars in Russia have stopped starting. Experts claim the cars were blocked remotely via satellite.
Decision trail
Decision date 10/04/2023 · Reference ↗
Promised to end shipments of new cars; dealerships running and warranty obligations honored. The Volkswagen Group report also mentions the agreement reached in December 2022 on the sale of Porsche showrooms in Russia to an investor unrelated to the German corporation. Let us remind you that the Porsche brand is part of the Volkswagen concern. We are talking about LLC "Porsche Russland" and LLC "Porsche Center Moscow". According to the data, the transaction assumes the possibility of repurchase of assets, but not earlier than in five years, and the deadline for repurchase is ten years. At the moment, the deal is being evaluated by the Russian government. Porsche Board Member Allegedly Seeks Deal With Putin To Rebuild Russia’s Auto Industry. In the letter obtained by Der Spiegel, Siegfried Wolf proposed to Putin that the new Volga cars be based on Skoda models. Significantly reduced revenue in 2023 vs 2022. Revenue decreased in 2024 vs 2023 by more than -20%.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
Upgrade to Professional