Porsche to invest 1 billion euro, create 1,000 jobs for electric sports car

Reuters, 04/12 15:40 CET

BERLIN (Reuters) – Porsche <VOWG_p.DE> will spend about 1 billion euros (£722.7 million) to ready production facilities at its biggest plant for the advent of its first-ever all-electric sports car.

The Volkswagen-owned manufacturer said on Friday it will create more than 1,000 new jobs at its base in Zuffenhausen where a new paint shop and assembly line will be set up to build the battery-powered Mission E model.

(Reporting by Andreas Cremer; Editing by Arno Schuetze)

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Source: Porsche to invest 1 billion euro, create 1,000 jobs for electric sports car