Porsche to create more than 1,400 jobs for electric car

Stock market

STUTTGART, Germany (Reuters) - Porsche (DE:VOWG_p) has raised the number of jobs it will create for the production of its first all-electric sports car to more than 1,400 from more than 1,000 previously, the manufacturer said on Tuesday.

More than 1,200 of the new positions will be created at the Volkwagen-owned brand's base in Zuffenhausen where Porsche is building a new paint shop and assembly line for the battery-powered Mission E due to be built by the end of the decade.

Porsche also said it will increase the number of apprenticeships to 220 from 150.