Porsche has no plans for a small SUV positioned below the Cayenne, CEO Wendelin Wiedeking said at the Extraordinary General Meeting of shareholders this week.
Wiedeking said the company will focus its efforts on the launch of the Panamera four-door coupe, which will be launched as a 2009 model. The chief executive’s comments lay to rest rumors that the sports car maker would use the platform developed for the Volkswagen Tiguan and Audi Q5 for a vehicle of its own. Last month, Autobild reported the vehicle would be called “Roxster.”
No plans for VW takeover
Cash-rich Porsche has no plans to expand its stake in Volkswagen, which hovers around 30 percent. Asked if the company would move beyond 50 percent, Wiedeking said: “At the moment, we have no further intentions,” according to Thomson Financial.
Porsche is expected to post a record profit for fiscal 2007.
06/27, 1:46 PM
posted by:
fan
weird. it would fit in their range of cash-machines.
06/27, 3:10 PM
posted by:
SRT-4Ken
=======>>not really, fan….by the way, “Roxter” seriously sounds to me more like a Jeep than a Porsche…..”Jeep Roxter”….
06/27, 4:42 PM
posted by:
deutschetouring1337
Pffff can you say BULL****!! The reason for Porsche’s surge in profits they are tapping VW/Audi and now Lambo resources. Watch your gonna see alot more going on in the next 3-4 yrs.
06/28, 4:21 AM
posted by:
fan
going what direction?
06/28, 11:39 AM
posted by:
CTS DRIVER
mabey rockster, but gay ass roxter?
06/28, 1:06 PM
posted by:
Aston Martin
GOOD. NO TWATSTER. SIGH OF RELIEF.
PORSCHE MUST HAVE REALISED THAT A COMPACT SUV WOULD’VE RUINED THEIR IMAGE.
06/28, 1:57 PM
posted by:
deantj
TOo bad for A4 and Andre Neves. They might have had a shot at attaining the ****STER or TRANSTER
06/28, 6:34 PM
posted by:
jackjimturkey
I hate chihuahua SUVs.
Good moove, porsche!