Possible new small SUV from Porsche...
The head of Porsche Automobil Holding SE's (PAH3.XE) main sportscar unit said Tuesday the company will soon decide about the launch of a small sports-utility-vehicle to benefit from growing demand in this market segment and broaden its product line-up.
"While the final decision has yet to be taken, you can assume that it will be taken soon," Matthias Mueller told reporters during a press conference near Porsche's headquarters in Stuttgart.
Porsche Chief Executive Martin Winterkorn said in a media interview last month that a new small SUV below the Cayenne model could be named Cajun.
Porsche is due to be integrated into Volkswagen AG (VOW.XE) as the company's tenth brand as part of a complex merger. Porsche plans to boost annual sales to 150,000 vehicles in the mid-term from currently around 81,850 cars.
Do you think this will hit used Cayenne values if they build it...
The head of Porsche Automobil Holding SE's (PAH3.XE) main sportscar unit said Tuesday the company will soon decide about the launch of a small sports-utility-vehicle to benefit from growing demand in this market segment and broaden its product line-up.
"While the final decision has yet to be taken, you can assume that it will be taken soon," Matthias Mueller told reporters during a press conference near Porsche's headquarters in Stuttgart.
Porsche Chief Executive Martin Winterkorn said in a media interview last month that a new small SUV below the Cayenne model could be named Cajun.
Porsche is due to be integrated into Volkswagen AG (VOW.XE) as the company's tenth brand as part of a complex merger. Porsche plans to boost annual sales to 150,000 vehicles in the mid-term from currently around 81,850 cars.
Do you think this will hit used Cayenne values if they build it...