April 13, 2007


Porsche expands Leipzig plant for 2009 Panamera

Stuttgart, Germany – Porsche has announced the expansion of its production facility in Leipzig, Germany, in preparation for production of the new Panamera model series. The expansion also includes an adjacent logistics centre, and expansion of the Cayenne assembly facility to incorporate a pilot and analysis centre and apprentice workshop. The total investment comes to 150 million Euros.

According to Porsche management, the production facility will be used for the four-seater Gran Turismo Panamera, which will be introduced in 2009. The vehicle engines will be manufactured at Porsche headquarters in Stuttgart-Zuffenhausen, while the Volkswagen plant in Hanover will supply the painted chassis.

With the introduction of the Panamera, some 50,000 vehicles, including the Cayenne, could be produced each year from the Leipzig plant. The Panamera will also result in some 600 new jobs at the Leipzig plant and with regional suppliers, and an additional 500 positions at the VW plant in Hanover.

The facades for the assembly building should be completed by the end of summer 2007, with assembly equipment installed afterwards; during the course of 2008, the first prototypes of the Panamera will then be assembled.

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