Porsche to Add 4-Door Sports Car to Lineup
From Associated Press
German luxury sports automaker Porsche said it would begin producing a four-door, four-seat sports car that it expected to be on the market by 2009.
Dubbed the Panamera, the model is expected to reach a production level of about 20,000 vehicles annually. A retail price for the car wasn’t released, but analysts have said it could range from $125,000 to $175,000.
Stuttgart-based Porsche said it would spend about 1 billion euros ($1.2 billion) to develop the car, which is expected to feature elements from its Cayenne sport utility vehicle and Carrera GT sports car.
