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The Great Depression intervened, however, and Steyr was bailed out by Austro Daimler, which killed the project as competing with its own very similar car, while Porsche resigned to form Porsche Büro in Stuttgart.
An enthusiastic mobilist he financed the development of a lightweight sports car ("Sascha-Wagen") designed by the Austro-Daimler engineer Ferdinand Porsche, which ran at the 1922 Targa Florio with Alfred Neubauer at the wheel.