Porsche board to decide on a fourth model line

Stuttgart. At its July 27 meeting, the Porsche board of directors is expected to decide whether it will launch a fourth model line. Porsche has completed its analysis of the business case for the new line and is developing a concept car, company sources said.

Panamera, a four-door sports coupe designed by Michael Mauer, could join the Boxster/Cayman, Cayenne and 911 lines beginning in 2009. It would compete against the Maserati Quattroporte and the Mercedes CLS. Prices would start at 80,000 euros (about $96,600 at current exchange rates.)

Porsche has reportedly rejected an alternative design for a crossover similar to the Mercedes R class. If approved, the fourth car would be built in Germany, Porsche CEO Wendelin Wiedeking has said. Porsche would expand its Leipzig plant to build it.