# Porsche and Schuler form joint venture for Smart Press Shop

Porsche and Schuler are forming a joint venture to build an innovative press shop for the car factory of the future, focusing on flexible production of complex car body parts with Industry 4.0 technologies. Each company will invest a double-digit million euro amount, and over 100 jobs will be created.

- Type: Partnership
- Announced: 2018-09-05
- Jobs: 100
- Status: announced
- Products: car body parts, press shop equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schuler Group](https://endata.com/companies/16758.md) (partner)
- [Porsche](https://endata.com/companies/16802.md) (partner)

## Sources

- [machinery.co.uk](https://www.machinery.co.uk/content/news/porsche-and-schuler-to-build-press-shop-for-the-car-factory-of-the-future), 2018-09-05: "Porsche wants to use the joint venture to lay the foundations for the future of sports car manufacturing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.