Porsche Says Nein to U.S. Production of Cayenne

Porsche officials have denied media reports concerning the production of its current generation Cayenne SUV in North America in the event that the VW Group goes ahead and builds a new U.S. factory. The German sports carmaker’s spokesman Albrecht Bamler told Automotive news that it would not make an economical sense to build the Cayenne in the U.S. because suppliers that provide components for the liuxury SUV are located in Europe. -Continued

Balmer also noted that his company is covered from the financial effects of the weak dollar through currency hedging until 2013. As for the next generation Cayenne which was also reported to be built in the U.S., Balmer said that the launch of the new generation SUV is way too far in the future for him to comment on.

Via: ANE