Dr. Ferdinand Porsche started a little company.
In 1929, Porsche left for a brief stay at Steyr, but the Great Depression was on and car manufacturing was not the place to be. Steyr collapsed. At age 55, Porsche had no job. Despite his broadly-acknowledged brilliance, his well-earned reputation for stubbornness was not going to help him find a good job in those hard times. He returned to Stuttgart, an automotive center with firms such as Hirth, Mahle, and Bosch in addition to Daimler-Benz. In January 1931, he launched his consulting firm, 'Dr. Ing. h.c. F. Porsche GmbH Konstructionsburo Fur Motern, Fahrzeug, Luftfahrzeug, and Wasserfahrzeugbau' ('Motors, Vehicles, Airplanes, and Boats...'). The staff was composed of men with whom the Professor had previously worked: Karl Rabe, chief engineer, was joined by Erwin Komenda (body design), Karl Frolich (transmissions), Josef Kales (motors), Josef Zahradnik (steering and suspensions), Francis Reimspiess, Han Mickl (aerodynamics), Adolf Rosenberger (business manager), and two relatives, Anton Piech (a lawyer, Ferdinand Porsche's son-in-law and later father of Ferdinand Piech, now chairman of Volkswagen), and Porsche's own son, Ferry.