Porsche Announces Major Investment in German Plant

Newswire

FRANKFURT, July 14 (Reuters) - German sports-car maker Porsche said on Monday it plans to invest more than 400 million euros ($546 million) in a production plant at its Stuttgart-Zuffenhausen headquarters. The Boxster and Cayman models will be built exclusively at the Zuffenhausen plant in the future, the company, which is owned by Volkswagen, said in a statement. Around 300 million euros will be invested in the assembly of car bodies, Porsche said. ($1 = 0.7331 Euros) (Reporting by Kirsti ...

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