Porsche is one of several manufacturers closing plants amid the coronavirus pandemic.
Right now, the global coronavirus pandemic is causing serious disruption to industries worldwide. After the 2020 Geneva Motor Show was canceled just a few days before it was due to start and the 2020 New York Auto Show was postponed, multiple manufacturers have suspended production to help reduce the spread of the virus including Ferrari, Lamborghini, Maserati, and Volkswagen. And now Porsche can be added to the growing list of manufacturers forced to suspend production amid the coronavirus outbreak.
Factoring the disruption to global supply chains and declining customer demand, Porsche has made the difficult decision to close its headquarters in Zuffenhausen, Germany, and production plant in Leipzig, Germany, from Saturday, March 21, for an initial period of two weeks to protect staff and reduce financial losses.
"With these measures, our company contributes to protect the workforce and reduce the spread of the coronavirus. The actual consequences are not yet predictable. It is therefore too early for forecasts. What is clear is that 2020 will be a very challenging year," said Oliver Blume, Chairman of the Executive Board of Porsche AG.
"We can only overcome the pandemic together and by taking rigorous measures." Porsche says it will continuously re-assess the situation, but we wouldn't be surprised if the suspension extends beyond March 21 judging from the rate the virus is spreading.
As well as suspending production, Porsche is banning all business travel, office workers will work from home, and all meetings will only take place by video or conference calls. Time will ultimately tell how long it will take before Porsche can resume production. Financial losses are inevitable, sadly, but public health will always be a priority.
Customer deliveries of the 2021 Porsche 911 Turbo are slated to start later this year, but the factory closures could cause a delay. At the time of writing, there are over 10,000 reported coronavirus cases in Germany and 26 deaths.