Undefined Porsche 1,500 Jobs For New Leipzig Factory

Tokai Corp: Seminal sports car marque, Porsche, will create 1500 new jobs at a new factory in the eastern German region of Leipzig.

California (I-Newswire) February 20, 2014 - Stuttgart-based sports car manufacturer, Porsche, is to create 1,500 new jobs when it opens a new assembly plant in the Leipzig area of eastern Germany on February 14th.

The new factory will build some of the new Macan models that is being billed as the "little brother" to the current Cayenne SUV-like model that has enjoyed considerable popularity with buyers around the world for several years.

"This is a major boon for the Leipzig area which, like many other regions in eastern Germany, dearly needs more jobs," said an Tokai Corp auto sector analyst.

Porsche, like fellow automakers BMW and Volkswagen-Audi, defied the trend among European car makers in 2013 by turning in a strong performance in terms of sales. It has committed €500 million to the new assembly plant which will be located close to a BMW factory in the area which will produce the company's new i3 electric car and its i8 hybrid model.

Auto production is heavily focused in the state of Saxony, so much so that 50% of car manufacturer workers in Eastern Germany are based in the region. Nevertheless, the west still has the most employees in the auto industry with more than 92% based there.

"It is encouraging to see that German manufacturers are still creating jobs in this sector proving that, despite the less-than-stellar global economic environment that continues to prevail at the moment, German car makers still make desirable products that consumers don't mind spending extra on," said the Tokai Corp auto sector analyst.

"This is a major boon for the Leipzig area which, like many other regions in eastern Germany, dearly needs more jobs," said an Tokai Corp auto sector analyst.

About 247 Corp-Media

247 Corp-Media is a competently based boutique strategic communications and public affairs consultan working across business and policy in growth markets.Less..

Contact Information

247 Corp-Media
Mike Flecher
181 Richards Avenue, Waterford,
California USA


Tokai Corp   TokaiCorp   Tokai  

Published in:

Business > Finance

Published On:

February 20, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Sturdy Gun Safe Offers American Made Gun Safes at the Best Prices
Sturdy Gun Safe has been offering American Made Gun Safes at the Best Prices. They are one of the best commercial gun and fire safe manufacturers in the USA.

Lotus Greens Yamuna Expressway - Select Your "Living Style"
The new entrant "Lotus Greens Developers" has launched another astonishing project at Yamuna Expressway of Sector-22D Greater Noida. Now-a-days, there is a huge demand for commercial or residential properties along with the luxury amenities.

Teknowledge Extends Its Social Media Campaigns To Behance
Teknowledge Mobile Studio recently laid down a marker for all its professional rivals, by adding Adobe Behance to its overall social media marketing portfolio. The best works of the company would be presented on the channel, and the company is lookin

Frontier Label Announces Discount Code For The Month
Frontier Label, the well-known labeling company offering custom printed labels and a variety of other options for different industries recently announced discount codes.

Las Vegas Home Being Sold By the Ballen Group
The Las Vegas real estate team, known as The Ballen Group, have entered into discussions with a buyer for a Las Vegas home located on Cherokee Avenue.