In a statement issued today, Porsche said that in 2012, it will replace Finnish contract manufacturer Valmet Automotive with the Austrian company Magna Steyr for the production of the mid-engine Boxster and Cayman models. Holger P. Härter, Deputy Chairman of Porsche SE, commented: “Over the last eleven years, Valmet has built more than 200,000 sports cars of outstanding quality for us. Our decision not to continue our successful cooperation is in no way a vote against Valmet. Rather, it was the high development capacity and competence of our future partner that tipped the balance in favor of our new partner.”
