Home Car News Porsche Investing Over €1.1 Billion Into Its Factories

Porsche Investing Over €1.1 Billion Into Its Factories

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Porsche has revealed that it will invest over 1.1 billion euros up to 2020 to expand its Zuffenhausen, Weissach and Ludwigsburg facilities in an effort to boost productivity.

One of the key elements of the investment will be a brand new engine plant and body shop to be constructed in Zuffenhausen. Additionally, the existing assembly line at this key Mercedes-Benz location will be expanded. From August 2016, the facility will start producing the current Porsche Cayman and in the coming years, the next-generation model.

If a seventh model is added to the Porsche range, Zuffenhausen is likely to be responsible for producing it too. Discussing this, chairman of the General Works Council of Porsche AG, Uwe Huck said “For our future, we still need enormous growth at the locations and in the region. That is only possible with another model series, which has to be developed in Weissach and built in Zuffenhausen.”

Adding to this, chairman of the executive board of Porsche, Matthias Muller said “Like all car makers, Porsche faces major challenges – a volatile economic situation, strict CO2 requirements, new drive technologies and the progression of digital technology. This all entails capacities being bound and requires large-scale investments. That is why we are checking and optimizing all processes and procedures within the company and set the right course in good time.”

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