Porsche to cut output at its 911 plant

Porsche 911 Carrera S

A company source told Reuters that Porsche is considering cutting production around the Christmas holidays at its main Zuffenhausen plant where it builds the 911 Carrera is built.

“We have to think about this if car sales continue to develop like this and do not recover again,” the source said.

The source mentioned that during the ramp-up of the 2010 Panamera production in the second half, Porsche’s Leipzig plant, which also builds the Cayenne SUV, should remain unaffected.

Porsche previously said that it will cut costs this year by more than $140.7 million and will halt production at its Zuffenhausen plant for 19 days before summer break in a move to counteract a severe decline in demand.

During the first 5 months of the year, Porsche’s sales fell 28 percent to 53,635 vehicles.

– By: Stephen Calogera

Source: Reuters