Is Porsche Working on a 928 Successor?

There have been rumors in the past that Porsche is planning a new front engine, rear-wheel-drive coupe that would be the spiritual successor to the 928. According to Autocar, Porsche is still working on a new grand tourer that will be based on the next-generation Porsche Panamera.

Sources claim that the Porsche grand tourer, which could be named the Porsche 929 is planned to launch after the next-generation Panamera, which is scheduled for 2014-2015. The Porsche 929 will be offered in both coupe and convertible body styles.