August 23, 2002

Production of Porsche Cayenne begins in Leipzig, Germany

Leipzig, Germany – On Tuesday, Federal German Chancellor Gerhard Schroder and Dr. Wendelin Wiedeking, President and Chief Executive Officer of Dr. Ing. h.c. F. Porsche AG, revealed Porsche’s Cayenne sport utility vehicle during the inauguration of the company’s new production facility in Leipzig, Germany. Some 1,300 invited guests and German dignitaries attended the surprise debut of Porsche’s third model line, which in 2003 will join Porsche’s current lineup that includes the Boxster and the legendary 911 Carrera.

The Cayenne S and Cayenne Turbo will be presented to the public for the first time at the Paris Motor Show, which will open on Sept. 28, 2002. The Cayenne S base price in the Canada is $78,250, while the base Canadian price for the Cayenne Turbo is $125,100.

Porsche invested around 128 million euro into its new facility, which took approximately two-and-a-half years to build. In addition to the assembly plant, Porsche Leipzig also includes a Customer Center, the break-in and test track and an adjacent course for off-pavement driving. All were declared officially open on Tuesday.

“For us Porsche people, Leipzig has become a second home town after Zuffenhausen,” Weideking said. Porsche’s president and CEO said that in addition to building cars of sporting character in Leipzig, Porsche also will help enhance the city’s good name throughout the world and will be actively involved in many aspects of the historic city’s social and cultural fabric.

Both the Cayenne S and the Cayenne Turbo feature an all-new Porsche-designed 4.5-litre V8 engine that will be built in Stuttgart-Zuffenhausen, Germany, as well as permanent four-wheel drive.

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