Premium automakers have largely weathered the European debt crisis without too many bruises, but it looks like the evitable has started to catch up with them.
Premium automakers have largely weathered the European debt crisis without too many bruises, but it looks like the inevitable has started to catch up with them.
Automotive News is reporting that Porsche will end weekend production of their two-seat sports cars at their factory in Zuffenhausen next year. The plant had been running eight extra shifts to keep up with 911 demand, but the slowing economy is expected to lower European sales of the Boxster, Cayman and 911 by approximately ten percent.
Despite the European downturn, Porsche's overall sales jumped to 11,688 units in October thanks to double digit increases in China and the United States. This was largely due to strong sales of the Panamera and Cayenne. As such, the company doesn't have any plans to curtail production at their Leipzig plant which builds the popular crossover.