Stuttgart - Luxury German sports carmaker Porsche SE said Thursday it was shifting production of its Boxer model from Finland to Austria.

The Stuttgart-based group said it had chosen Austrian auto group Magna Steyr to build its Boxster-model from 2012.

As a result, Magna Steyr will replace Porsche's current partner Valmet Automotive after the Austrian company presented the most attractive offer, Porsche said.

Valmet has produced more than 200,000 units of the Boxster series since 1997. (dpa)