Porsche Expanding Production
139 words
30 December 2004
08:42
Reuters News
English
(c) 2004 Reuters Limited
FRANKFURT, Dec 30 (Reuters) - Germany's Porsche , the world's most profitable carmaker, sees future growth driven by new models and an expansion of its production capacities in Germany, its chief executive told a newspaper.
"We are talking about growth also through completely new models," Wendelin Wiedeking told Germany's Stuttgarter Zeitung in an interview to be published on Friday, without specifying a timeframe.
The luxury carmaker plans to step up output to 100,000 cars per year from 76,000 in its current three model lines, and to expand capacity in the German cities of Stuttgart and Leipzig, the paper said.
Wiedeking again defended his decision to continue making Porsches in Germany rather than in lower-wage countries. "I believe that Porsche has an advantage through 'Made in Germany'," he said.
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