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Porsche to Add 4-Door Sports Car to Lineup

IN BRIEF / AUTOS

July 28, 2005|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.

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