This Week:

• Porsche's Board of Management has given the go-ahead for two important business centre decisions
  .
• Honda to Double Production Capacity in Alabama
  .
• General Motors Appoints Eric Stevens To Top Manufacturing Engineering Position In North America
  .
• BMW Group Reports Best First Half Ever
  .
• Subaru Forester Is a `Best Pick' Among Small SUVs In Insurance Institute Crash Tests
  .
• The new Audi A8 - A new sporting dimension in the luxury segment
  .. .
• Ford Answers With 0.0%
  .
• Polo awarded "red dot: best of the best" international design prize
  .
• Despite a less buoyant business climate in the first half of 2002, Renault boosts sales worldwide and consolidates lead ranking in Europe
  .
• A Design Centre for PSA Peugeot Citroën
  .

   

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News of July 10, 2002

Porsche's Board of Management has given the go-ahead for two important business centre decisions

Carrera GT will be built in Leipzig - the engines in Zuffenhausen

Porsche GT

Stuttgart/Leipzig - Six months after announcing at the Detroit motor show that the Carrera GT would actually become reality, the Board of Management of Dr. Ing. h.c. F. Porsche, Stuttgart, has now chosen Leipzig as the production location. When the model is launched on the market in the second half of 2003, around 1,000 units of the future high-performance sports car will roll off the conveyor belt there. The Carrera GT will be manufactured in the same plant that began producing the Cayenne this year. The planned output is two to three vehicles per day. Development work on the Carrera GT will be performed in the Research and Development Centre in Weissach until it is ready to go into production. The selection of Leipzig means that around another 70 new jobs will be created at the new Porsche business centre, in addition to the 300 positions that were already planned to cover Cayenne production.
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Photos: Porsche

Furthermore, the Board of Management has decided to produce the new V10- naturally-aspirated engines for the Carrera GT in the main factory in Stuttgart-Zuffenhausen. All the other 6- and 8-cylinder engines for the 911, Boxster and Cayenne model ranges are already being constructed here. The Carrera GT engine order will create approx. 25 new posts at the Zuffenhausen location.

Chairman of the Board of Management, Dr. Wendelin Wiedeking, declared: "With the Carrera GT, we hope to consolidate further both our expertise and our leading position in the sports car segment. Thanks to this innovative model, our previous corporate growth rate will climb to an interim peak. Our Leipzig plant, complete with run-in and test track, provides optimal conditions for production and the necessary test drives. Furthermore, our new Customer Service Centre creates a unique atmosphere in which to present the Carrera GT models to their new owners. The decision to have Stuttgart supply the power unit, emphasises not only our appreciation of the original plant, but also our philosophy that the heart of a Porsche sports car - the engine - stems from Zuffenhausen. This is also one of the reasons why we decided to invest EUR 50 million in a new engine production factory last November."

At the Paris motor show on September 28th 2000, Porsche already presented a mass production study of the Carrera GT. Its construction is based on pure racing technology. Sporting at least 5.5 litres of displacement, a 600 Nm torque and 558 HP, the Carrera GT guarantees top speeds of more than 330 km/h. The price of this sports car ranges between EUR 350,000 and 400,000.

(July 05, 2002)

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