Porsche Plans 1,400 New Jobs for Tesla-Fighting Sports Car

By
Christoph Rauwald
  • Division to produce least 15,000 electric cars a year
  • Labor leaders want Bosch to supply battery for ‘J1’ project

Based on the low-slung Mission E concept shown at last September’s Frankfurt auto show, the electric car will be produced at a new facility near the storied factory that manufactures the Porsche 911 sports car.

 Photographer: Chris Ratcliffe/Bloomberg

Porsche will add more than 1,400 new jobs as it ramps up development of its first all-electric sports car to challenge Tesla Motors Inc. and plans an initial annual production volume of more than 15,000 vehicles per year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
  2. Uber Losing Battle in London After Regulator Revokes License
  3. How Electric Cars Can Create the Biggest Disruption Since the iPhone
  4. Mercedes Plots Tesla Attack With $1 Billion U.S. Electric Push
  5. A L'Oreal Heiress Is Now the World's Richest Woman