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Porsche to cooperate with Valmet
until 2012 – Magna Steyr will be new partner
Stuttgart - Dr. Ing. h.c. F.
Porsche AG, Stuttgart, will be continuing the successful
cooperation on the production of the mid-engine models Boxster
and Cayman with the Finnish manufacturing partner Valmet
Automotive until the year 2012, thus fulfilling it contractual
obligations. In a call for tenders, Porsche has chosen Magna
Steyr Fahrzeugtechnik AG & Co KG, Graz, as future contract
manufacturer. The Austrian enterprise secured the contract
because it submitted the most financially attractive offer, and
because it is in a position to take on development tasks for
Porsche sports cars.
Holger P. Härter, Deputy Chairman
of Porsche SE, and as Chief Financial Officer responsible for
the allocation of commissioned production, comments: “Over the
last eleven years, Valmet has built more than 200,000 sports
cars of outstanding quality for us. Our decision not to continue
our successful cooperation is in no way a vote against Valmet.
Rather, it was the high development capacity and competence of
our future partner that tipped the balance in favor of our new
Magna Steyr will make it possible
for Porsche to continue the model of the “breathing factory” in
the next decade. From 2012 onwards, all production volumes of
the Boxster series, which, for capacity reasons, are not able to
be completed in Zuffenhausen, will be taken on by Magna Steyr’s
factory in Graz. Porsche will supply the engines and various
components. This ensures that in future, too, production at
Porsche’s main factory in Stuttgart-Zuffenhausen will run at
full capacity. Further synergies arise from the numerous supply
relations between Porsche and the Magna Group: the enterprise
already manufactures many important components for Porsche.
There are intersections particularly in convertible top systems
and bodywork components.
(June 28, 2008)