Porsche investing EUR 1.1 billion to upgrade German facilities  [ Germany ]

Porsche AG announced on July 15 that it will spend EUR 1.1 billion (USD 1.21 billion) through 2020 to upgrade its main production and research sites, as part of a deal announced by Porsche's management board and labor leaders on Wednesday, designed to safeguard jobs at the Zuffenhausen factory, Weissach R&D center, Ludwigsburg sales operations.The new agreement with labor leaders obliges Po...
<Jul 17, 2015>