Porsche is expanding their model range with the compact SUV, expected to be called Cajun, in line with the chilli-pepper name of the big brother, Cayenne.
Porsche is laying down UER500 million to upgrade and enlarge their Leipzig factory to accommodate the Cajun.
The new line will take up 17 hectares of new space and expected to add 1,000 personnel to the payroll.
"We are investing another 500 million euro in the production facility to build the 'Cajun' in Leipzig. This is not just a mark of confidence in the manufacturing skills of our Leipzig colleagues, but also an important contribution to the economic development of the region." said Matthias MüllerThe Chairman of the Supervisory Board of Porsche AG.
The Leipzig Porsche plant is known for their green credentials, being one of the world's most efficient car factories. For example, the very efficient air recirculation and power cut-off technologies in the paint shop ensure particularly economical energy use.
Press Release after the jump.