The German car manufacturer Porsche has been evaluating the VTOL field for more than 4 years. Up until now Porsche Engineering Group, located near company headquarters in Stuttgart, has been leading the program. During this time there was a cooperation with the US Company Boeing, which appears to have since been discontinued. Until now only a few design studies have been published. Everything else has happened under the radar.

Now the Porsche Group is taking the next step. On March 28, 2022, the automotive company formally founded the P3X Management GmbH (limited Corporation) in Munich under the registration number: HRB 274681.
CEOs of the new company are Guan Chew Ph.D. and Philip Kastel. Chew was Head of Technical Research at the Porsche Engineering Group. It’s rumored that the company may be planing to start developing its vehicles at the research airport Oberpfaffenhofen just west of Munich.

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To be continued…