Germany: Porsche invests 500m euros in Leipzig; Cajun comes in 2013 image

Porsche AG, the maker of the Cayenne sport-utility vehicle, has held a ceremony to mark the laying of the foundation stone for the second extension of its Leipzig site.

It is an important milestone, which writes another chapter in the successful history of Porsche’s Saxony site. The automaker will invest €500m (US$683m) in the project, which will bring more than 1,000 new jobs to the plant and a new 17 hectare production site.

“We are investing another 500 million euro in the production facility to build the Cajun in Leipzig.
This is not just a mark of confidence in the manufacturing skills of our Leipzig colleagues but also an important contribution to the economic development of the region.” said Matthias Müller on the morning of the festivities.

Cajun, which will be made in Leipzig is intended – alongside the Boxster – to provide new, even younger customers an entrée to the world of Porsche. Initially the company will build 50,000 units a year. The Cajun will be derived from a components set known as MLB wide, which is broader and thus potentially more aggressive than the Q5.

porsche-factory-leipzig

Together with the body structure of the Audi Q5, the Porsche Cajun will carry over the chassis, steering, axles, quattro drivetrain, six- and seven-speed dual-clutch transmissions as well as the engines, albeit in modified form.

Porsche’s Leipzig facility has been producing the Cayenne since it opened in 2002.
After a first extension, the company is producing the Gran Turismo Panamera here as well. It is assembled alongside the sporty off-road vehicle on the mixed-model assembly line.