Work Begins on The Second Extension to The Porsche Factory in Leipzig

The Chairman of the Supervisory Board and Chairman of the Board of Management of Porsche AG, Wolfgang Porsche and Matthias Muller met with guests from the world of politics and business to lay the foundation stone for the second extension of the Leipzig factory site.

"We are investing another 500 million euro 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 Matthias Muller on the morning of the festivities.

Porsche Board of Management member with responsibility for production Wolfgang Leimgruber added: "We want to expand the production of high-performance sports cars and off-road vehicles in Leipzig. At the same time the ambition is for the plant to achieve the highest standards with a forward-looking quality strategy."

"The fact that the assembly plant is now to become a fully fledged factory with body assembly line and paint shop is an enormous motivation for me and my team," explained Siegfried Bulow, Chairman of the Executive Board of Porsche Leipzig GmbH. "The acquisition and qualification of new staff is also an important item on our agenda. We are trusting in tried-and-tested processes, thus ensuring that the first 'Cajun' from Leipzig is of outstanding ‘typical Porsche' quality, setting standards in its class."

The Leipzig Porsche plant is one of the world's most efficient car factories. The air recirculation and power cut off technologies in the paint shop ensure economical energy usage. "Sustainability of the very highest order is enshrined in our environmental principles. Our use of ultra-modern equipment and facilities is a valuable contribution to frugal automotive engineering," said Wolfgang Leimgruber.

Leipzig Lord Mayor Burkhard Jung said: "The decision by Porsche in 1999 to build a plant in our city brought the industrial site to life with a kiss. Porsche was followed by many important business start-ups, putting Leipzig in the fast lane. Ten years and more than 420,000 'Made in Leipzig' Porsches later, this industrial site has finally come of age."

The Leipzig site has been producing the Porsche Cayenne since it first opened in 2002. Following the first extension, the Porsche Panamera Gran Turismo has been produced since 2009, alongside the Cayenne on the mixed model assembly line. To date, Porsche has invested approximately 280 million euro.

The Porsche Cajun will see an expansion in the SUV segment, and is intended to provide access to Porsche to new, younger customers.