Porsche Panamera

Sunday, September 23, 2007 | Labels: | |

  • Code name: G 1
  • Porsche’s first front engined, rear drive four door sedan
  • 4x4 as an option
  • Engine: 4,8 ltr 4 V p. cyl., V 8
  • 400 HP – Top of the line Panamera Turbo 520 HP
  • Top speed 180 mph
  • Release: 2010
  • Hybrid version planned for 2011.
  • Production begins 08/ 2009 in Porsche’s Leipzig plant
  • 20.000 units per year
  • 35% for the US market
  • Price: between Eur 80.000 and Eur 125.000


Source: Porsche Panamera press release

The Supervisory Board and the Board of Management of Dr. Ing. h.c. F. Porsche AG, Stuttgart, gave their approval today for the development and production of another Porsche model line. To be called Panamera, the new car will be a premium-class sports coupe with four seats, four doors, and a choice of front-mounted engines driving the rear wheels.

Scheduled to enter the market in 2009, the Panamera will be the fourth model line from the Stuttgart carmaker following the 911, the Boxster and the Cayenne. The new car’s name is derived from the legendary Carrera Panamericana long-distance race.

Production of the Panamera is to be in Leipzig, where Porsche already builds the Cayenne SUV and the Carrera GT supercar. The final decision will require further detailed talks between the Board of Management of Porsche AG and the Management of Porsche Leipzig GmbH with representatives of the employees. Porsche's total investment in the new model line, including development, will be more than 1 billion euros (approx. $1,200,000) and will come entirely from the company’s own funds. Expected sales are at least 20,000 units a year.

"The Panamera is a perfect fit for Porsche,” said Dr. Wendelin Wiedeking, the President and CEO of Porsche AG. “It has all the typical DNA characteristic of a genuine sports car. In terms of performance, design, and driving dynamics, it meets Porsche's high standards in every respect. Through this sports coupe we are making our customers a highly attractive offer in the top performance segment."

Porsche will develop and build the Panamera using the company's own resources. "We will be developing a separate platform for our fourth model line at our Weissach R&D center,” said Wiedeking. “There are no plans for a joint venture with another car maker, but to ensure the profitability of this new model line we will cooperate more closely than so far with selected system suppliers."

Production of the Panamera in Leipzig would potentially create some 600 new jobs there. In the course of the project, approximately 400 more new jobs will be created at Porsche's original plant in Stuttgart-Zuffenhausen, where the engines for the fourth model line will be built, and at the Weissach Development Center.

Like the 911, the Boxster and the Cayenne, the Panamera will bear the "Made in Germany" stamp of quality. Domestic share of the Panamera’s overall assembled value will be approximately 70 percent.


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