Clouds gather over the Zwickau Volkswagen Plant on July 9, 2026 at the Zwickau, eastern Germany. "The Volkswagen Group is at a historic crossroads," Hans Dieter Pötsch, chairman of the board of management of Porsche SE, said in a statement. "As the majority holder of Volkswagen AG's ordinary shares, Porsche SE therefore supports the group board of management and its proposals. The Porsche and Piëch families control Volkswagen through their holding company, Porsche SE, which is the single largest shareholder of Volkswagen. The statements come as Porsche SE reported adjusted half-year earnings after tax of 949 million euros ($1.1 billion), reflecting a 14.5% drop compared to the same period a year ago.