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Porsche Chosen as One of the World's Best Managed Companies

17 August 1999

Porsche Chosen as One of the World's Best Managed Companies

    ATLANTA, Aug. 16 -- Dr. Ing. H.c. F. Porsche AG of Stuttgart,
Germany, has been chosen by the editors of INDUSTRY WEEK magazine as one of
the world's 100 best-managed companies.
    Porsche was selected for this fourth annual list from the INDUSTRY WEEK
1000, a list of the world's largest publicly held manufacturing companies
based on revenues.  Each company was chosen after a lengthy evaluation that
included the following four steps: analysis of the company's financial
performance; review of a questionnaire that each INDUSTRY WEEK 1000 company
was given an opportunity to complete; research into each company's practices
in areas such as philanthropy and safety; and voting by a panel of more than
100 business leaders, analysts, and academicians.
    "INDUSTRY WEEK's 100 Best-Managed Companies demonstrate superior,
consistent financial performance," commented John Brandt, editor-in-chief of
INDUSTRY WEEK.  "We also honor those companies for investing heavily in such
areas as research and development, new markets, employees, and society."
    "This is a distinction for the entire Porsche team," added Dr. Wendelin
Wiedeking, chairman of the Porsche AG board of management.  "We see this more
than anything else as an incentive not just to maintain our leading position
on the sports car market, but to develop it even more."
    Now in its 30th year, INDUSTRY WEEK serves 800,000 worldwide readers who
are senior executives and decision-makers in manufacturing and its supporting
industries.  The report on its 100 Best-Managed Companies will appear in its
August 16, 1999 issue.