Porsche working on a new model to take on Ferrari

Article by Christian Andrei, on August 30, 2011

Porsche AG intends to manufacture a sports vehicle that will rival the more exclusive Ferrari brand, the company's CEO Matthias Mueller disclosed in an interview with German-based newspaper Sueddeutsche Zeitung. Muller has expressed angst with the fact that the most expensive 911 tops out at 250,000 euros or $360,000, while the 918 follows beginning at 750,000 euros.

He further stated that Porsche needs to be in between, where the Ferrari roams around relatively comfortably and without any competition.

According to Muller, as reported in the Monday report of Sueddeutsche Zeitun, there is still opportunity for a larger sports vehicle such as the 959 that the company built in the 1980s. Mueller also disclosed that the model's expense could range from 250,000 euros to 400,000 euros.

Currently, the company has made known to the public its intentions to have seven model lines, an increase from the four that it is selling currently. This is a part of the company's aim to increase worldwide sales to at least 200,000 vehicles by 2018, an increase from the 97,000 obtained in 2010.

A new, more expensive sports vehicle would be number eight. Additionally, the CEO has also planned a small mid-engine roadster based on the 550 Spyder, a smaller version of the Panamera GT, and a smaller SUV dubbed the Cajun on top of its current model range of Boxster, Cayenne, Panamera and 911.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries