Porsche plans 'better Ferrari'
TRYING TO OUST FERRARI: Porsche is planning to introduce a luxurious sports production model that will beat Italian rival Ferrari. The car is expected to be pricier than the 918 spyder, pictured above racing around the Nurburgring.
STUTTGART, Germany - Porsche is planning to up its game in an attempt to beat Italian rival Ferrari with a luxurious sports production model.
The automaker's Matthies Mueller told German newspaper Handelsblatt: "An extremely light mid-engined sports car could fill the gap between the 911 GT2 RS and the 918 Spyder."
The model would be priced at between the euro equivalent of about R3.4-million and R4.5-million, which is more expensive than the 911 GT2 RS which carries a price sticker of about R2.7million.
The much-vaunted 918 Spyder, which isn’t ready yet, is expected to sell for the equivalent of R8.5-million.
Porsche's plans for a car in the lucrative "Ferrari segment" date back some years but the profit margin is large, although production would probably be limited to only a few hundred units a year.
Porsche aims to boost annual sales to around 200 000 by 2018, fuelled mainly by volume models such as the Cayenne.