///M-Spec
Staff Emeritus
- 4,928
The Panamera is no longer "just a rumor".
http://www2.us.porsche.com/english/usa/news/pressreleases/pag/2005-07-27-2.htm
and
http://news.yahoo.com/s/ap/20050727/ap_on_bi_ge/germany_porsche_panamera
M
http://www2.us.porsche.com/english/usa/news/pressreleases/pag/2005-07-27-2.htm
and
http://news.yahoo.com/s/ap/20050727/ap_on_bi_ge/germany_porsche_panamera
Porsche AGStuttgart. The Supervisory Board and the Board of Management of Dr. Ing. h.c. F. Porsche AG, Stuttgart, gave their go-ahead today for the development and production of a further Porsche model series. The new car is a premium class Sports Coupé with four seats and four doors, and will be powered by various engines. The power unit will be fitted at the front and will drive the rear wheels. The fourth model series built by the Stuttgart car maker following the 911, the Boxster and the Cayenne will be called the "Panamera", a name derived from the legendary Carrera Panamericana long-distance race, and is scheduled to enter the market in 2009. Porsche's total investment in the new model series, including development, will be more than Euro 1 billion and will come entirely from the Company's own funds. Expected sales are at least 20,000 units a year.
Production of the Panamera is to be in Leipzig, where Porsche already builds the Cayenne Sports Utility and the Carrera GT High-Performance Sports Car. The final decision will require further detailed talks at the Plant, which will be held by the Board of Management of Porsche AG and the Management of Porsche Leipzig GmbH with representatives of the employees.
M