Production to Begin in 2013 at New, 42-Acre Site
ATLANTA - October 18, 2011 - Porsche today announced the expansion of its production facility in Leipzig, Germany as the company prepares to produce the "Cajun" model beginning in late 2013. Wolfgang Porsche, the Chairman of the Supervisory Board of Porsche Automotive, and Matthias Müller, Chairman of the Board of Management, joined guests from government and business to announce the news in Stuttgart on Tuesday.
"We are investing another 500 million euro [$684.9 million] in the production facility to build the Cajun in Leipzig. This is not just a mark of confidence in the manufacturing skills of our Leipzig colleagues, but also an important contribution to the economic development of the region," said Matthias Müller on the morning of the festivities.
The Leipzig site, currently home to 800 employees, has been producing the Porsche Cayenne since its conception in 2002, and also produces the four-seater Porsche Panamera. Porsche has invested approximately $383 million (280 million euro) in the Leipzig site, with more than 420,000 cars produced to date.
Production of the "Cajun" will create approximately 1,000 additional jobs at the facility.
The plant sets environmental standards as well, being one of the world's most efficient car factories. Efficient air recirculation and power cut-off technologies in the paint shop ensure economical energy use.
With the development of the upcoming "Cajun," Porsche plans to expand its SUV line-up, adding a new, smaller SUV model below the Cayenne.
About Porsche Cars North America
Porsche Cars North America, Inc. (PCNA), based in Atlanta, Ga. is the exclusive U.S. importer of Porsche sports cars, the Cayenne SUV and Panamera sport sedan. Established in 1984, it is a wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany, and employs approximately 220 people who provide parts, service, marketing and training for 194 dealers. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the brand's 63-year history and leadership in the advancement of vehicle performance, safety and efficiency. At the core of this success is Porsche's proud racing heritage that boasts some 30,000 motorsport wins to date.
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