Ferdinand Porsche, the engineer known for founding the renowned automotive company, was also involved in designing tractors during the 1930s. His volk-schlepper (people's tractor) was created using many concepts from his volks-wagon (people's car). Production was not initiated until after the onset of World War II, and subsequent regulations after the war hindered Porsche from manufacturing tractors. However, a licensing agreement with Allgaier allowed the Porsche tractor to enter the market. In 1956, Mannesmann acquired the rights and continued production until 1963. Eventually, the assets were sold to Renault, leading to the discontinuation of the Porsche name in the tractor industry.