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Porsche Is Finally Building Sports Cars Again

Apr. 29, 2020 1:31 PM ET by Martin Bigg Industry News / Comments Porsche's factories in Germany have been closed for six weeks due to the coronavirus crisis. Since March, the global auto industry has been at a standstill as manufacturers around the world were forced to close production plants in response to the coronavirus pandemic. This obviously has huge implications, with manufacturers suffering serious financial losses. Thankfully, auto manufacturing plants are starting to resume production, albeit slowly. Just this week, Volkswagen announced the Golf has restarted production in Wolfsburg, Germany. Continuing the German car industry's road to recovery, Porsche has announced that production at its factories in Zuffenhausen, Germany, where the Porsche Taycan is produced, and Leipzig, Germany, will restart next week on May 4. Porsche Porsche "The restart is an important signal - for our employees as well as for our customers. We have monitored and analyzed the situation very carefully right from the start and flexibly adapted processes. Now is the right time to look forward with optimism and to resume work - subject to special precautions," said Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche AG. Several safety measures will be implemented to protect workers at both plants. Production employees are required to observe a minimum distance of 4.9 feet, follow basic rules of conduct or work with a face mask. As part of the "Porsche helps" initiative, the automaker is organizing medical equipment and donating money to hospitals and food to food banks. The budget for donations has been increased by five million euros ($5.4 million). Porsche Porsche Porsche "It will take a great deal of effort to get the economic and social system moving again. Everyone must make a contribution to this," said Oliver Blume, Chairman of the Executive Board of Porsche AG. "It is important to have a positive fundamental attitude. Every crisis also offers opportunities. And we want to make the most of them." Initially, Porsche closed its two German factories on March 21 for two weeks, but global supply issues have kept the factories closed for six weeks. It will also be interesting to see if customer deliveries of the 2021 Porsche 911 Turbo will still start later this year as planned. Porsche Porsche Porsche

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