Porsche announced that it will invest $153 million in its plant in Leipzig, Germany, in order to build the automaker's four-door Panamera coupe. The size of the plant will quadruple with the investment, and staffing will more than double, rising to 1,000 from 400. Porsche recently halted production of the Porsche Carrera GT supercar in Leipzig, but the Cayenne will continue to be manufactured in the city. The body work and paint for the Panamera will be completed at Volkswagen's plant in Hanover, Germany.

[Source: AFX News Limited via Forbes]