Porsche Wants a Ferrari Rival

Porsche is reportedly working on a new supercar that will go head to head with Ferrari, according to a recent statement from Porsche CEO Matthias Mueller.

“It always irritated me that the 911 tops out at 250,000 euros and then the 918 continues starting at 750,000 euros.”

Mueller sees the gap between the 911 and 918 as the target for a new Porsche model. Mueller stated that the new Porsche could cost between 250,000 euros to 400,000 euros.

Porsche is also considering a new flat-eight boxer engine for the new supercar. Porsche engineers are reportedly frustrated with the fact that Porsche’s current six-cylinder cannot be expanded beyond 4.0-liters. Also if Porsche wants to fully compete with Ferrari, it needs an eight-cylinder engine.

The new Porsche supercar is part of Porsche’s plans to increase its global sales to 200,000 units by 2018, up from 97,000 in 2010.

Automotive News and Autocar