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☆ Was the Stone Age Actually the Wood Age?
▼ + stars: | 2024-05-04 | by ( Franz Lidz | ) www.nytimes.com time to read: +2 min

The basic chronology — Stone Age to Bronze Age to Iron Age — now underpins the archaeology of most of the Old World (and cartoons like “The Flintstones” and “The Croods”). Thomsen could well have substituted Wood Age for Stone Age, according to Thomas Terberger, an archaeologist and head of research at the Department of Cultural Heritage of Lower Saxony, in Germany. “We can probably assume that wooden tools have been around just as long as stone ones, that is, two and a half or three million years,“ he said. Of the thousands of archaeological sites that can be traced to the era, wood has been recovered from fewer than 10. The projectiles unearthed at the Schöningen site, known as Spear Horizon, are considered the oldest preserved hunting weapons.

Persons: Christian Jürgensen Thomsen, Thomsen, Thomas Terberger, “, Terberger, heidelbergensis Organizations: Department of Cultural Heritage, National Academy of Sciences Locations: Danish, Europe, Lower Saxony, Germany, Schöningen

☆ Formed in the Cold War, former members of Germany’s Red Army Faction are now fugitives
▼ + stars: | 2024-03-17 | by ( Sophie Tanno | ) edition.cnn.com time to read: +9 min

CNN —German authorities have been tracking down the former members of the Red Army Faction (RAF), a now-defunct Cold War-era militant group, who have been on the run for nearly 30 years. The RAF, he said, emerged in what was then West Berlin, at the “crossroads” of the Cold War. The first, and most prominent period from 1970-1977, saw the group murder public officials and US soldiers and take many hostages. In April 1975, six RAF members seized the West German Embassy in Stockholm in a hostage standoff with the goal of forcing the release of imprisoned RAF members. The Red Army Faction claimed responsibility for the assassination, but the perpetrators were never brought to justice.

Persons: Baader, –, Jürgen Ponto, Siegfried Buback, Daniela Klette, Burkhard Garweg, Ernst, Volker Staub, Klette, Claudia Ivone, Garweg, Staub, pouncing, ”, Ivone, Wolfgang Kraushaar, Kraushaar, Axel, Andreas Baader, Ukrike Meinhof, Meinhof, ” Kraushaar, Helmut Schmidt, Franz Josef Strauss, Axel Springer, Springer, Alfred Herrhausen, Willy Brandt Organizations: CNN, Red Army Faction, RAF, East, Stasi, Dresdner Bank, Germany’s Public, Office, Police, ARD, ” Reuters, Bild, Red Brigades, Nihon, Springer, Criminal Police, West German Embassy, West, Meinhof Group, Reuters, Democratic, Deutsche Bank Locations: Berlin, West Germany, Kreuzberg, Bonn, Weiterstadt, German, Italy, Japan, West Berlin, Vietnam, Lower Saxony, Stockholm, Bavarian, Cologne, GDR, Democratic Republic

☆ Ukraine got the top tanks it wanted from the West, but they're not yet changing the game
▼ + stars: | 2023-11-25 | by ( Chris Panella | ) www.businessinsider.com time to read: +10 min

Ukraine got the Leopard, Challenger, and Abrams tanks it asked its Western partners for. It's up to Ukraine to either use the tanks to defend against Russian offensives or preserve them for next spring, experts told Business Insider. AdvertisementNow, almost two years into the war, Ukraine has a force of advanced Western tanks at its disposal. Advertisement"These Western type of tanks are qualitatively superior to even the best Russian tanks that the Russians are using in Ukraine," Gentile told Business Insider. There are also questions of whether or not these will be the only Western tanks Ukraine gets, or if there are more in the pipeline.

Persons: Abrams, —, Seth G, Jones, Harold Brown, There's, Gian Gentile, RAND's, Austin Berner Ukraine, M1 Abrams, Gentile, Iraq's, DANIEL LEAL, hasn't, it's, Philipp Schulze, there's, they're Organizations: Russian, Service, Leopards, Transnational, Center for Strategic, International Studies, RAND's Arroyo Center, US Army, Army Staff, Challenger, M1, Soviet, Defense, Ministry of Defence, Getty, Business, Bundeswehr, Ukraine Locations: Ukraine, Ukrainian, Fort Benning, Ga, Soviet, Russia, Soviet Union, England, Zaporizhzhia, Azov, Crimea, Avdiivka, Russian, Lower Saxony, Bergen

The meeting was aimed at garnering state leaders' support for such moves and addressing local authorities' complaints that public coffers and infrastructure are overburdened. The leader of the central state of Hesse put the total volume of aid at 3.5 billion euros. "Our shared goal is to push back irregular migration," said Scholz, after describing the agreement as a "historic moment." Some 230,000 people requested asylum in Germany in the first nine months of this year, more than in the full year 2022. His government has also agreed changes to existing rules to enable asylum seekers to enter the labour force more rapidly and to punish human traffickers with longer prison sentences.

Persons: Olaf Scholz, Hesse Boris Rhein, Lower Saxony Stephan Weil, Angela Merkel, Scholz, Sarah Marsh, Andreas Rinke, Miranda Murray, Rachel More, Barbara Lewis, Raju Gopalakrishnan Organizations: Lower, REUTERS, European Union, Thomson Locations: Hesse, Lower Saxony, Germany, Berlin, BERLIN, Russia, Scholz's

NEW YORK (AP) — Researchers have uncovered a simple structure from the Stone Age that may be the oldest evidence yet of early humans building with wood. But it is much more complex than I thought.”Barham and his team dug up the log structure — plus a handful of wooden tools — from a riverbed site that sits above a waterfall in Zambia. They think the crossed logs could have been the base for a bigger structure like a walkway or a platform. The log structure was made at least 476,000 years ago, while the wood tools are slightly younger, under 400,000 years old. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.

Persons: It's, ”, Larry Barham, ” Barham, Barham, ’ ” Barham, couldn't, Geoff, —, Dirk Leder, Annemieke Milks, “, ” Milks Organizations: —, University of Liverpool, telltale, Aberystwyth University, Cultural Heritage, University of Reading, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Nature, Zambia, Wales, Africa, Germany’s, Saxony

Interviews with seven doctors and two other potential users of Wegovy from Germany, where Novo Nordisk's (NOVOb.CO) weight-loss drug will become available at the end of July, show the office administrator isn't alone. Allianz (ALVG.DE) says it will pay if a physician diagnoses a medical need while Debeka said its plans exclude weight-loss treatments. In Germany, Wegovy will be administered with the same injection pen used in Norway and Denmark, not the one used in the United States to avoid hitting supplies there. "Patients are so desperate in Germany that they will pay out of their pocket for the medication." "My experience is that people will be able to pay for it out of (their own) pocket," said Horbach.

Persons: Doctor Thomas Horbach, Wegovy, Novo, Jessica Lenth, isn't, I've, Lenth, Debeka, Robert Koch, Danish drugmaker, Sylvia Weiner, Karl Rheinwalt, Thomas Horbach, Weiner, Rheinwalt, Juergen Ordemann, Michael Wirtz, Wirtz, Irina Ernstberger, Ernstberger, Ludwig Burger, Maggie Fick, Patricia Weiss, Josephine Mason, Catherine Evans Organizations: Novo Nordisk, FRANKFURT, Reuters, Allianz, European Union, Robert Koch Institute, Sana Klinikum, St, Hospital, Ozempic, Novo, Thomson Locations: Germany, Munich, LONDON, Hamburg, Wegovy, United States, Danish, Norway, Denmark, Sana, Frankfurt, St Franziskus, Hospital Cologne, Berlin's, Winsen, Lower Saxony, London

Papperger said on Thursday that factory workers would build and repair Rheinmetall’s Fuchs armored personnel carrier — named after the German word for fox — under license in the facility. Rheinmetall (RNMBF) will operate the plant in partnership with Ukroboronprom, a Ukrainian state-owned defense group, which will also own the facility. Julian Stratenschulte/picture alliance/Getty ImagesFormer Russian President Dmitry Medvedev, a close ally of current President Vladimir Putin, has said Russia would retaliate by hitting any facility Rheinmetall set up in Ukraine, Reuters has reported. For now, Papperger said, sourcing more ammunition was a bigger priority than building more tanks. In theory, he added, Rheinmetall could provide 60% of the artillery ammunition Ukraine needs.

Persons: Armin Papperger, “, ”, Papperger, Rheinmetall’s Fuchs, ” Armin Papperger, reconditioned Marder, Julian Stratenschulte, Dmitry Medvedev, Vladimir Putin, didn’t, — Nadine Schmidt, Claudia Otto Organizations: London CNN, Rheinmetall, CNN, Rheinische Post, Ukroboronprom, Getty, Former, Reuters, NATO Locations: Berlin, London, Ukraine, Russia, Germany’s, Ukrainian, Lower Saxony, Germany, Former Russian, Russian, Europe

☆ 300,000-year-old footprints are some of the oldest in Europe and show how our ancient ancestors co-existed with rhinos and elephants on lake and river shores
▼ + stars: | 2023-07-01 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Three fossilized footprints belong to an extinct species of ancient humans dating back 300,00 years. The prints are among the oldest in Europe and are the oldest ever found in Germany. The fossilized prints were covered for millennia, until a mining company began clearing the area to access coal deposits. The fossilized prints of ancient humans and animals paints a picture of how these species may have co-existed. Researchers found the first ancient rhino print in EuropeThe human prints were surrounded by many more fossilized footprints from prehistoric animals.

Persons: —, paleobotany, Flavio Altamura, Benoit Clarys, Jordi Serangeli, Serangeli, Altamura, antiquus Organizations: Service, University of Tübingen, Senckenberg Locations: Europe, Germany, Lower Saxony, Heidelberg, Schöningen, Siberia, Asia

☆ Factbox: Companies invest in EV battery factories in Europe
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +6 min

Below are recent investments announced by companies:GERMANYSweden's Northvolt said on May 13 it will invest 3-5 billion euros ($3.3-5.5 billion) in an EV battery plant in Heide in the northern state of Schleswig-Holstein as long as subsidies are approved. Volkswagen (VOWG_p.DE) plans to build six battery factories in Europe totalling 240 gigawatt (GWh) of capacity by 2030. Production at its first battery plant, "SalzGiga", in Salzgitter in the Lower Saxony region will start in 2025. Slovakian battery manufacturer InoBat said last October it had signed a declaration of intent with the Spanish government to set up an EV battery factory in central Spain's city Valladolid, expected to cost 3 billion euros. POLANDLG Chem EV battery in Wroclaw started production in the second half of 2017, with a capacity of 100,000 batteries per year.

Persons: Helena Soderpalm, GERMANY Sweden's Northvolt, China's CATL, Germany's, Mercedes Benz, Elon Musk, Berclau, Taiwan's ProLogium, Jean, Luc Monfort, Mata, BASQUEVOLT, InoBat, China's BYD, AEHRA, Poland's, Alessandro Parodi, Tiago Brandao, Matteo Allievi, Barbara Lewis, Milla Nissi Organizations: REUTERS, Volkswagen, EV, Germany's BASF, Automotive Cells Company, ACC, Stellantis, Tesla, FRANCE Joint, France, Renault, Basque Country, Spanish, India's Tata Group, ITALY Joint, POLAND LG, European Commission, SWEDEN Northvolt's Skelleftea, Thomson Locations: Vasteras, Sweden, Europe, Asia, United States, GERMANY, Heide, Schleswig, Holstein, Salzgitter, Lower Saxony, China, Erfurt, Thuringia, Schwarzheide, Brandenburg ., Ludwigsfelde, Berlin, Kaiserslautern, Rhineland, Palatinate, Gigafactory, FRANCE, Billy, France, Dunkirk, Douai, Ruitz, Ergué, Quimper, Montreal, SPAIN Spain, Europe's, Germany, Navalmoral de, Extremadura, Sagunto, Valencia, Spain, Basque, Slovakian, Spain's, Valladolid, Britain, ITALY, Termoli, POLAND, Wroclaw, HUNGARY

☆ Germany has shut down its last three nuclear power plants, and some climate scientists are aghast
▼ + stars: | 2023-04-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

16 April 2023, Baden-Württemberg, Neckarwestheim: The Neckarwestheim nuclear power plant. The era of commercial power generation with nuclear power plants in Germany came to an end on Saturday with the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid. Picture Alliance | Picture Alliance | Getty ImagesAs of Sunday, April 16, Germany is no longer producing any electricity from nuclear power plants. With the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid, the era of commercial power generation with nuclear power plants in Germany came to an end on Saturday. Nuclear energy is also often more expensive than wind and solar power, Quaschning said, adding, "there are no longer any real advantages with nuclear energy."

Uwe Oppitz of Rhenus Ports, who speaks for Energy Hub Port Wilhelmshaven, said that Wintershall Dea (WINT.UL) (BASFn.DE), Uniper (UN01.DE) and Tree Energy Solutions (TES) plan to spend a total of more than 5 billion euros at Wilhelmshaven. Energy Hub Port Wilhelmshaven comprises 30 companies, which include E.ON (EONGn.DE), RWE (RWEG.DE) and Orsted (ORSTED.CO), as well as Wilhelmshaven's home state of Lower Saxony. "Wintershall Dea plans to invest around 1 billion euros in the Wilhelmshaven site together with its partners," it said. And steelmaker Salzgitter (SZGG.DE) has already struck a deal with Uniper to receive green hydrogen for its steel mill processes, replacing essential fossil-fuel produced hydrogen. "We don't want to push green hydrogen to the side.

☆ Courts Side With Big Companies Including Amazon and Experian in Privacy Appeals
▼ + stars: | 2023-03-16 | by ( Catherine Stupp | ) www.wsj.com time to read: +5 min

Big companies are winning appeals to overturn regulatory decisions that allege they violated European privacy rules, potentially carving out a path for more businesses to challenge similar sanctions. Courts in the U.K., Spain, Italy and Germany sided with companies including Experian PLC, Amazon. The court rejected the regulator’s argument that collecting personal data to create profiles for marketing purposes intrudes on privacy rights. The court said the regulator had “fundamentally misunderstood” the implications of how Experian used data, and that there were no negative effects for individuals. These recent wins will likely embolden other companies to appeal GDPR violations, said Mr. Machin of Ropes & Gray.

☆ Germany reports another African swine fever case in farm pigs
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

HAMBURG, Feb 28 (Reuters) - Another case of African swine fever (ASF) has been confirmed in farm pigs in east Germany, authorities said on Tuesday. It was reported on a small farm with 11 animals in the eastern state of Brandenburg, the state's health ministry said. Wild boar coming into Germany from Poland were believed to have spread the disease to Germany, especially in the eastern states of Brandenburg and Saxony. The German government has been seeking to contain and eradicate ASF in the east partly by reducing the wild boar population. But the country’s large numbers of wild boar, which move over great distances, has made containment difficult.

☆ The world is on track to overshoot 1.5 degrees of warming, so it's time to study reflecting sun away from the Earth, UN says
▼ + stars: | 2023-02-27 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

With the world not responding to climate change urgently enough, a "speculative group of technologies" to reflect sunlight back away from the Earth have been getting more attention recently, UNEP said in a written statement accompanying the report. This category of technologies is often called solar radiation modification (SRM) or more broadly solar geoengineering. So solar geoengineering could be considered a one-time shot to mitigate extreme suffering and death caused by climate change. "Even as a temporary response option, large-scale SRM deployment is fraught with scientific uncertainties and ethical issues. In addition to needing rigorous scientific study, the report added there needs to be a globally coordinated governance strategy for any potential use of solar-geoengineering technology.

Many Germans viewed the end of the Cold War as the end of major conflict for the West. Germany has since become one of Ukraine's top military supporters, having spent 2.2 billion euros on weapons deliveries. 'EMPTY-HANDED' ARMYBeyond the immediate decision on tanks, Pistorius faces the mammoth task of upgrading Germany's military, the Bundeswehr, which army chief Alfons Mais, on the day of Russia's invasion, described as "more or less empty handed". Even before Russia's invasion of Ukraine, Germany was 20 billion euros short of reaching NATO's target for ammunitions stockpiling, a defence source said. Analysts and experts say Pistorius will have to find his own voice to push for more spending and an overhaul of Germany's defence and procurement systems.

☆ Little-Known Politician to Become German Defense Minister Amid Mounting Challenges
▼ + stars: | 2023-01-17 | by ( Bojan Pancevski | ) www.wsj.com time to read: 1 min

Boris Pistorius, the longstanding interior minister of the Western state of Lower Saxony, was a surprise appointment to the position of Germany’s defense minister. BERLIN—German Chancellor Olaf Scholz appointed a regional politician as defense minister on Tuesday, seeking to put back on track Germany’s plans to overhaul its ailing armed forces and boost military support for Ukraine. The move came after Monday’s resignation of Christine Lambrecht from the portfolio, dealing a blow to one of Mr. Scholz’s most ambitious projects: A 100-billion-euro plan to repair the country’s long-neglected military.

☆ Boris Pistorius to reportedly take over as next German defense minister
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: +1 min

Social Democrat (SPD) interior minister of the state of Lower Saxony Boris Pistorius is to serve as Germany's next defence minister, two sources told Reuters on Tuesday. Social Democrat (SPD) interior minister of the state of Lower Saxony Boris Pistorius is to serve as Germany's next defence minister, two sources told Reuters on Tuesday, at a time when Berlin is under pressure to boost military support for Ukraine. Christine Lambrecht resigned as defence minister on Monday as allies increase calls to send Ukraine heavy tanks, at the start of what is likely to be a pivotal week for Western plans to further arm Kyiv. Pistorius has been interior minister in Lower Saxony since 2013 and has long been seen as a candidate to assume a national position. He has been in a relationship with Doris Schroeder-Kopf, the ex-wife for former Chancellor Gerhard Schroeder.

☆ Germany names new defence minister, faces pressure to send tanks to Ukraine
▼ + stars: | 2023-01-17 | by ( Holger Hansen | ) www.reuters.com time to read: +4 min

Following several missteps, Christine Lambrecht resigned as defence minister on Monday, ahead of a conference on Friday at the U.S. military base in Ramstein on Western plans to provide Kyiv with more arms. Other countries with such tanks also need Berlin's approval before they can be passed on to another country. The new defence minister is expected to host his U.S. counterpart, Lloyd Austin, in Berlin on Thursday. "I want to make the armed forces strong for the time ahead," he said. Scholz has signalled a policy shift by promising to boost defence spending to more than 2% of its economic output.

☆ Boris Pistorius to take over as next German defence minister - sources
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 17 (Reuters) - Social Democrat (SPD) interior minister of the state of Lower Saxony Boris Pistorius is to serve as Germany's next defence minister, two sources told Reuters on Tuesday, at a time when Berlin is under pressure to boost military support for Ukraine. Christine Lambrecht resigned as defence minister on Monday as allies increase calls to send Ukraine heavy tanks, at the start of what is likely to be a pivotal week for Western plans to further arm Kyiv. Pistorius has been interior minister in Lower Saxony since 2013 and has long been seen as a candidate to assume a national position. He ran for the leadership of the Social Democrat party in 2019. Reporting by Holger Hansen Writing by Madeline Chambers Editing by Miranda Murray, Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.

☆ Davos 2023-German allies pressure Scholz to give green light on tanks for Ukraine
▼ + stars: | 2023-01-17 | by ( John Irish | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 17 (Reuters) - Germany's allies on Tuesday ramped up the pressure on Chancellor Olaf Scholz to allow the supply of German-made Leopard tanks to Ukraine ahead of a crunch defence ministers meeting on Friday. A day before the Scholz heads to the World Economic Forum (WEF) in Davos, Switzerland, some of Ukraine's closest allies sought to pressure him into changing his mind. Lithuanian President Gitanas Nausėda said he "strongly believes" Germany would provide Ukraine, which is fighting a Russian invasion, with Leopard tanks. A meeting of Ukraine's allies at Ramstein in Germany on Friday is set to see the announcement of more military aid to the country. "Important decisions will be made," Spain's Foreign Minister José Manuel Albares Bueno said, adding that Madrid was at this point not able to supply Leopard tanks, which it also possesses.

☆ Germany arrests 25 suspected of far-right plot to overthrow state
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: +3 min

Numerous officers were deployed in several federal states, said a spokeswoman for the Karlsruhe-based authority . German authorities on Wednesday detained 25 members and supporters of a far-right group that the prosecutor's office said were preparing a violent overthrow of the state, with some members suspected of plotting an armed attack on the parliament. Prosecutors said the raids were conducted by more than 3,000 police officials and security forces across 11 German federal states. Suspects were arrested in the German states of Baden-Wuerttemberg, Bavaria, Berlin, Hesse, Lower Saxony, Saxony, Thuringia as well as in Austria and Italy, said the office. The group's ideology is in the same vein as the far-right Reichsbuerger movement and QAnon conspiracy theorists who share the deep conviction that Germany is ruled by a "Deep State", the office.

☆ Investments in infrastructure has fueled Germany's transition to hydrogen-powered trains
▼ + stars: | 2022-11-07 | by ( James O'Malley | ) www.businessinsider.com time to read: +6 min

In Lower Saxony, in northern Germany, the first hydrogen-powered commuter trains were officially commissioned for full-time service after two years of extensive testing. Otherwise, the lack of hydrogen infrastructure would have rendered the project not viable. Alstom is positioning the iLint as a like-for-like replacement for diesel trains serving regional rail routes that have not been electrified. According to Soua, maintenance costs on hydrogen trains are much lower, and hydrogen-powered trains will cost less than diesel after about 15 years of operation. The company has already signed up its second customer from Germany, as the Rhine-Main region has ordered 27 iLint trains, and similar contracts have been inked in Italy and France.

Companies Mercedes Benz Group AG FollowBERLIN, Oct 17 (Reuters) - Mercedes-Benz (MBGn.DE) has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday. The energy provider, which the spokesperson declined to name, will reserve the energy for Mercedes-Benz from an offshore wind park under construction in the Baltic Sea. The carmaker, which previously said it aims to cover 70% of its energy demand with renewables by 2030, said in April it was sourcing all its electricity for Germany from green sources from 2022 onwards under purchase power agreements with Statkraft and Enovos. It is also planning to build a wind farm in the northwestern German state of Lower Saxony by 2025 that is able to produce a hundred megawatts of electricity, equivalent to over 15% of the carmaker's annual demand in Germany. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Europe is still quietly importing Russian nuclear energy
▼ + stars: | 2022-10-14 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

On presenting its latest sanctions package, the European Commission did not propose targeting the trade of Russian nuclear fuel. Hungary and Bulgaria were the most vocal in opposing sanctions on Russian uranium and other nuclear tech last week, according to Rodrigo. "Russian nuclear terror requires a stronger response from the international community - sanctions on the Russian nuclear industry and nuclear fuel," Zelenskyy said via Twitter at the time. Mikhail Metzel | Afp | Getty ImagesThere are 18 Russian nuclear reactors in Europe, in countries including Finland, Slovakia, Hungary, Bulgaria and the Czech Republic. How 'green' is nuclear energy?

☆ The long, winding road to Volkswagen's Porsche IPO
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

October - Porsche SE says it holds stock and options that give it control of 74% of Volkswagen's votes and announces plans for a "domination" agreement. 2012July - Volkswagen agrees to buy the remaining 50.1% stake in Porsche AG from Porsche SE for about 4.5 billion euros. Porsche AG, the carmaker, is now fully owned by Volkswagen AG, while Porsche SE, which is controlled by the Porsche and Piech families, is Volkswagen's largest shareholder and holds a majority of voting rights. 2022February - Volkswagen and Porsche SE say they are examining a possible initial public offering of Porsche AG, under a proposed structure that would give Porsche SE a blocking minority in the eponymous carmaker. On Sept. 29, shares in Porsche AG start trading on the Frankfurt stock exchange at 84 euros apiece, above the issue price of 82.5 euros.

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