Porsche to Hire 1,400 to Produce Mission E Electric Sports Car

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Volkswagen AG (ADR)’s (OTCMKTS:VLKAY) Porsche is planning to hire 1,400 people to produce its Mission E electric sports car.

Porsche, Tesla, Mission EPorsche previously announced that it would be hiring 1,000 employees to work on the car at its Zuffenhausen facility, which is located in the company’s home town of Stuttgart, Germany. The company expects to have the car completed by 2019.

The Mission E will be Porsche’s first ever electric car. The company is looking to hire individuals that can better help it develop the electric car, but it will also need workers on the assembly line and employees to help sell it.

The company is specifically looking for “900 production staff, 300 salaried workers and 200 engineers.” While it typically focuses on high-end sports cars powered by gas, Uwe Hueck, the company’s labor boss, said “You either take part in the digital change or you lose,” when talking about the Mission E, reports Reuters.

Porsche said that it’s planning to produce 15,000 of the Mission E electric sports cars per year at first. The company’s Cayenne and Panamera had estimated production volumes of 20,000 units per year when introduced.

The Porsche Mission E is an obvious rival to Tesla Motors Inc’s (NASDAQ:TSLA) Model S, as well as other electric vehicles. It will be lighter than the Model S and will be sporting an electric engine with more than 600 horsepower.

Porsche CEO Oliver Blume noted earlier this year that the company’s push forward with future projects included more hybrid and electric vehicles. He also said that the company isn’t interested in making self-driving cars.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/07/porsche-tesla-mission-e/.

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