Auto News

Poor man's Porsche' under consideration

By Motortrend India Staff   |   04 October,2009

The iconic Porsche Sportscar, the preserve for the rich and famous for decades may soon be available as a more affordable model, according to a senior executive at the German car maker Porsche.

The priority for the crisis-hit company is to produce a car significantly cheaper than the current "bottom-of-the-range" model, the Porsche Boxster, which costs 46,506 euros (67,778 dollars), Wolfgang Duerheimer, head of development said.

Deeper co-operation with Volkswagen, Europe's biggest car maker, which in August announced a merger with Porsche, will make it possible to reduce costs, he said in an interview to appear on Monday.

Last month, Porsche said that sales had slumped by 24 percent in the financial year to July 31 but expressed optimism that the worst of the crisis was now in the rear-view mirror.