Porsche says NO to U.S. Cayenne production

Two days ago we were saying that Volkswagen could build Porsche’s Cayenne SUV at its new U.S. plant that will be opened in 2010. But today Porsche denied those rumors and said it does not need to build its Cayenne SUV in North America and has no plans to do so.

Porsche spokesman Albrecht Bamler said it would not make sense to build the Cayenne in the U.S. because suppliers that provide components for the SUV are in Europe.

Bamler said Porsche is protected against the financial effects of the weak dollar through currency hedging until 2013.

Volkswagen builds Cayenne bodies in its Bratislava, Slovakia, plant alongside the Volkswagen Touareg and Audi Q7. Cayenne bodies are shipped to Porsche’s Leipzig, Germany, plant for final assembly.

Handelsblatt said the next-generation Cayenne could be built in Volkswagen ’s new U.S. plant after 2015.