Porsche yesterday broke ground at its production plant in Leipzig, Germany for a $648.9 million expansion. The company is preparing to produce the ‘Cajun’ SUV/Crossover in in late 2013. Wolfgang Porsche, the Chairman of the Supervisory Board of Porsche Automotive, and Matthias Muller, Chairman of the Board of Management, were joined by guests from government and business to announce the news in Stuttgart.
“We are investing another 500 million euro [$684.9 million] in the production facility to build the Cajun in Leipzig. This is not just a mark of confidence in the manufacturing skills of our Leipzig colleagues, but also an important contribution to the economic development of the region,” said Muller on the morning of the festivities.
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The plant currently employs 800 workers. Production of the Porsche Cayenne started at the plant in 2002 and was later joined by the Panamera. It has produced more than 420,000 cars to date.
Porsche said that production of the Cajun will add around 1,000 additional jobs at the plant.
– By: Omar Rana