Porsche to invest more than 600 mln eur in plants

Newswire

STUTTGART, Germany, July 29 (Reuters) - German luxury carmaker Porsche will invest more than 600 million euros ($724 million) in three locations in the next five years as part of a labour pact with its staff. As part of the deal, Porsche will guarantee jobs for the some 8,300 employees until the end of its fiscal year in July 2010, the company said on Friday.

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