UPDATE: Porsche To Produce New Hybrid High-Performance Car
28 Juillet 2010 - 5:39PM
Dow Jones News
Porsche Automobil Holding SE's (PAH3.XE) core sportscar
operations on Wednesday approved a plan to add the high-performance
918 Spyder model to its line-up.
The new car will be developed at Porsche's research and
development center in Weissach and produced at the German sportscar
maker's main plant in Zuffenhausen, Porsche said in a
statement.
Porsche caused a stir when it presented the 918 Spyder concept
car at the Geneva auto show in March. Porsche executives indicated
at the time that this concept car could make it into series
production.
The high-performance mid-engine two-seater featured a plug-in
hybrid engine with fuel consumption of three liters per 100
kilometers. Despite modest fuel consumption the 918 Spyder concept
car can reach a speed of 100 kilometers/hour in just under 3.2
seconds, with a top speed of about 320 km/h, or 198 miles per
hour.
The 918 will claim the top spot of Porsche's product line-up,
which comprises the Boxster roadster, the Cayman, the Cayenne
sport-utility-vehicle as well as the 911 model. Porsche ceased
production of the GT high-performance sportscar GT in 2006 after
selling around 1,200 vehicles.
Porsche is set to be integrated as the 10th brand of Volkswagen
AG (VOW.XE) as of 2011 as part of a complex merger between Europe's
largest automaker by sales and Porsche's holding company.
Earlier this month, Volkswagen's product strategy chief Matthias
Mueller was named as new head of Porsche in a move designed to
foster the integration and benefit from cost synergies. Mueller
used to work at Volkswagen's Audi AG (NSU.XE) premium brand and is
considered a close confidant of Volkswagen Chief Executive Martin
Winterkorn.
Winterkorn aims to roughly double Porsche's annual car sales to
150,000 vehicles and expand its product line-up further.
-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512;
christoph.rauwald@dowjones.com
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