Porsche – There is No Substitute (except Magna-Steyr)
CTVNews.com reports that, starting in 2012, any production overflow of Porsche's Boxster and Cayman models will be handled by Magna-Steyr's automotive plant in Graz, Austria. Porsche AG chose Magna "because it submitted the most financially attractive offer, and because it is in a position to take on development tasks for Porsche sports cars." Porsche will continue to build the engines that go into these cars, but Magna will chip in where possible synergies can be found. CTV notes that Ontario-based Magna is already a major supplier to Porsche. Before you worry about Boxsters not feeling German, Porsche already has an agreement in place with Finnish company Valmet for Boxster/Cayman capacity (which expires in 2012). At least they speak German in Austria, right?