Porsche denies U.S. production of Cayenne

It didn't take long for Porsche to set the record straight about its rumored production plans for the Cayenne in North America. Speaking with Autoweek, Porsche spokesman Albrecht Bamler, refuted a report by Germany's Handelsblatt newspaper that the automaker planned to build Cayenne's at Volkswagen's new factory in the U.S. According to Bamler, there's no need to produce Stuttgart's uber-ute here in the States, since European manufacturers supply parts and Porsche is protected against the weak dollar by currency hedging through 2013. However, Handelsblatt's report said that production of the Cayenne in the U.S. wouldn't begin until after 2015, two years after Porsche's currency hedging expires. Does that mean N.A.-built Cayennes are still a possibility? Bamler says it's too early to speculate on the next Cayenne and Porsche's production plans.