The German luxury car manufacturer Porsche is considering a return to the arms market, the portal Europäische Sicherheit und Technik (ESuT) reported.
In 2024, the company suffered multi-billion dollar losses both in its group and in Volkswagen. Porsche is now exploring new opportunities for business development. Instead of specific development contracts, Porsche is interested in corporate investments, the portal writes.
During World War II, Porsche participated in the production of military products. The company's founder Ferdinand Porsche himself created the Tiger (P) heavy tank, the Maus super-heavy tank and the Ferdinand anti-tank self-propelled gun. In addition, since 1958, Porsche has been involved in the creation of a tank, which in 1963 is called Leopard 1.