The Car and Truck Fleet and Leasing Management Magazine

Porsche May Build Cars with VW & Audi in United States

May 19, 2008

STUTTGART,GERMANY – Porsche may build cars with Volkswagen and its luxury unit, Audi, ata new U.S. assembly plant that Alabama hopes to land, a German newspaperreports. Handelsblatt, citingunidentified sources, said building in tandem at one U.S. site would highlight thepotential for the automobile “empire” of the Piech and Porsche families, whothrough their holdings in Porsche are the largest shareholders in Volkswagen,according to www.al.com.

 

Thenewspaper also cites an interview with Volkswagen Chief Executive MartinWinterkorn, who said plans for a U.S. assembly plant will likely bepresented to the company’s supervisory board before the end of July. Volkswagensaid last month it is considering sites in Alabama,Tennessee, and Michigan for a potential plant and expectsto make an announcement this summer. Analysts have picked Alabama’s Limestone County and
Chattanooga, Tenn., as likely front-runners for theproject.

 

AudiChief Executive Rupert Stadler has confirmed several times that he was lookingat cooperating with parent Volkswagen to build vehicles in the
United States.He recently told shareholders that the company would benefit tremendously fromsuch a plan as it struggles with a strong euro, Reuters reported last week.

 

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