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LEAD AT PORSCHE ENGINEERING SERVICES, TROY HAS CHANGED

 TROY, Mich., Jan. 29 /PRNewswire/ -- Dr. Peter Gutzmer, who has guided and supervised the establishment of Porsche Engineering Services Inc. (PES) Troy, as president and chief executive officer for the last two years, will return in February 1993 to Porsche's R&D Center in Weissach, Germany. Gutzmer will take over the leadership of Porsche's Program Management Department and bring his experience to the development of Porsche's future car lines. He will maintain his position as a member of the PES board.
 The board of directors of PES expressed its sincere thanks to Gutzmer for his outstanding work in the development of PES.
 Frank Mei, who has over 20 years experience in the U.S. automotive industry in the product development and manufacturing area, has been chosen to succeed Gutzmer.
 This change demonstrates Porsche's firm commitment to perform customer-oriented engineering activities on a worldwide basis. PES is the only engineering house that has strong offices in all important markets. This change also emphasizes Porsche's strategy to provide German engineering technics to the American market and blend simultaneously with the specific needs and skills of the U.S. engineering community. PES provides technology in the areas of vehicle body development (convertibles, NVH), worldwide homologation (including RHD), lightweight vehicle technology (e.g., body and chassis) and OEM supplier engineering support.
 In the process of establishing PES, Porsche has recognized the requirement to interpret customers' business needs to ensure consistency of purpose for their company. The board reiterated that PES will continue to focus its services on the customer and specific customers' needs.
 Porsche Engineering Services Inc. is a wholly owned subsidiary of Porsche AG.
 -0- 1/29/93
 /CONTACT: Robert F. Carlson, manager of public relations for Porsche, 702-348-3707/


CO: Porsche Engineering Services ST: Michigan IN: AUT SU: PER

SG-GT -- SF002 -- 0621 01/29/93 09:02 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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