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Porsche union workers agree to concessions to produce electric car

December 23, 2015

Porsche workers have agreed to concessions worth several hundred million euros to secure production of an all-electric sports car at the manufacturer’s biggest plant, a company spokesman said.

The Volkswagen-owned manufacturer said earlier this month it would spend about 1 billion euros ($1.10 billion) at its base in Zuffenhausen and create more than 1,000 jobs there to build the battery-powered “Mission E” model.

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