Automobile News

Porsche is on the threshold of unleashing the company’s first four-door sports car, the Porsche Panamera, which incidentally will be the fourth vehicle in the German luxury carmaker’s lineup. The details of this new development were released by Porsche SE on the 24th November, 2008. Company sources also added that the teardrop shaped Panamera sports has front air intakes instead of the traditional radiator grille model.

The model measures 76 inches in width and 55.8 inches in height which is comparatively wider and lower compared to similar other models by the other companies.

The production of this new model will be carried out at the company’s plant in Leipzig, Germany, with a slated world wise release in the spring of 2009. The first models of the car will however be released in the US in the fall of next year.

The car is actually based on the V-engine model and will be available in either a V-6 or V-8 configuration, and will have an output range of between 300 and 500 horsepower. We can also expect the car model to include numerous luxuries, such as a voice guided sat nav, handsfree kit, quality seats, and more. On the sidelines of the release of this model, the company also hinted that it will very soon come up with a more fuel-efficient version replete with a hybrid powertrain.

The Panamera, in addition, will feature all-wheel or rear-wheel drive models the detail of which, including pricing and other vehicle specification will be available in spring.
It is important to note that Porsche has seen a sharp decline in fortune in recent times, with unit sales tumbling by a precarious 23% in the current year. Nevertheless, the company has managed to withstand the disaster all thanks to its stake in Volkswagen AG, where it earned a reported profit of 52%.