Daily Management Review

Porsche to Invest in Technical Development


Porsche is investing more than 1.1 billion euros in the development of the company. Construction of new plant for the production of engines and body assembly is set up in Zuffenhausen, Germany.

 German carmaker Porsche is investing more than 1.1 billion euros in the development of the company in the areas of production and technical development. These funds will be invested up to 2020 in the company's headquarters in Zuffenhausen and at branches in Ludwigsburg and Weissach, announced Porsche’s direction Wednesday, July 15.

Such large investments are related to the high requirements on environmental protection, new technologies in the production of engines and digitalization of production, as the head of Porsche Matthias Müller put it.

According to the statement, the new plant for the production of engines and bodywork will be built in Zuffenhausen. According to the plans, Porsche Cayman will be produced there since mid-2016, along with the 911 and Boxster.

During the sales period from January to June 2015, Porsche managed to sell about 114 thousand cars. This figure increased up to 30% over the same period of the first half 2014. Cayenne crossover showed the positive dynamics of sales (almost 20% more) and Cayenne coupe, sales growth of which raised by almost 29%. Porsche Macan’s realisation has grown almost twice. In June, 7281 cars were sold.
The merits of Porsche 911, which significantly influenced the sale of Porsche in June, do not go unnoticed, either. During this period, 2,900 copies of this model were sold.

source: dw.de

Science & Technology

Predicting A Patient’s Death Might Be Possible With Google’s Machine Learning Tool

Are online DNA databases dangerous?

Uber will identify drunk passengers

Experts found how automation will change markets

World's First Dedicated XR Platform Launched By Qualcomm

Hamburg becomes the first German city to ban old diesels

Hundreds Of Thousands Of Routers Have Been Hacked By Russians, Warns The FBI

Chinese Study Claims Heart Diseases Can Be Reduced By Having An Egg A Day

Asteroid mining: Reality or fiction?

3D Printing Used For Life Saving Kidney Transplant In Two Year Old At U.K. NHS

World Politics

World & Politics

USA launches the third round of the trade war with China

Italy says No to refugees

German experts: There’s no end to wars

G7 Picture Reveals Tensions Between U.S. And Its Close Allies

Pope Addresses The Oil & Gas Giants To ‘Respect’ COP21 Deal

G7 Does Not Welcome Russia: German Official

Trump-Kim Jong Un Meeting To Take Place, Confirms US President

US Official Claims Over 5,000 Tips Received On H-1B Visa Fraud