Porsche picks Magna Steyr to build Boxsters starting 2012

Starting 2012, Porsche will outsource production of its Boxster series to Austrian contract car manufacturer Magna Steyr. Magna Steyr will be replacing current partner Valmet Automotive.

Valmet Automotive has built more than 200,000 units of the Boxster since 1997. The contract between the company and Porsche was extended to 2011 to build the Boxster and Cayman models. Porsche said it went ahead and chose Magna Steyr since the company had a more financially attractive offer and because it is well positioned to take on tasks for the German automaker.

Magna Steyr will build the Boxster series from 2012 and onwards at its location in Graz, Austria. Porsche will supply Magna Steyr with engines and components for production.

Porsche said that further relationships will develop from the supply relations between the two companies.

 

Source: Automotive News (Subscription Required)