Siegfried BüLow to Manage the Porsche Factory in Leipzig, Germany

STUTTGART, GERMANY, August 3, 2000 --- The board of management of Dr. Ing. h.c.F. Porsche® AG has chosen Siegfried Bülow to oversee the management of its new factory in Leipzig, Germany. As managing director of Porsche Leipzig GmbH, a wholly owned subsidiary of Porsche AG, Bülow will be responsible for the production of Porsche’s third model line, the Cayenne®, as well as a customer center and a test track at Leipzig.

Bülow, responsible for the Lupo model range as manager of small car production at Volkswagen AG since November 1997, assumed his new duties on Aug. 1, 2000. He is a native of Chemnitz, formerly known as Karl-Marx-Stadt.

He began his career in 1968 at the Barkas plants in Chemnitz as a trained toolmaker and chartered engineer. After holding various production and controlling positions, he was appointed production manager in 1988 and plant manager in 1989. After German re-unification, he became manager of the renamed Barkas GmbH Chemnitz, where he played a crucial role with other colleagues in the development of the company’s engine production.

In 1991, Bülow was named managing director of Motorenwerk Chemnitz GmbH. In April 1992, he moved to Volkswagen Sachsen GmbH in Mosel to oversee engine production as part of a joint venture. In November 1992, Bülow became central department manager overseeing the facility’s paint shop at the main Volkswagen plant in Wolfsburg, Germany. In December 1994, he was appointed manager of Volkswagen vehicle program planning.

The Cayenne will be launched in 2002, and annual production is expected to be 25,000 units. When introduced, Cayenne will join Porsche’s existing model line, which includes the 911® Carrera® and Boxster®.

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