UPDATE 1-Porsche to invest 120 mln eur in Leipzig plant

Newswire

(Adds details) LEIPZIG, Germany, May 19 (Reuters) - German luxury carmaker Porsche plans to invest 120 million euros ($153 million)in the expansion of its Leipzig plant, where it will assemble its Panamera four-door coupe, it said on Friday. "In three years, when all construction work is completed, the plant will be almost four times as large as it is today," Chief Executive Wendelin Wiedeking said in a speech. The carmaker builds its best-selling Cayenne sports utility vehicle in the ...

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