The Panamera will be a "sport-coupe in the premium class with four seats and four doors", according to a brief notice. The Panamera will show up at the Frankfurt auto show as a concept car. The production vehicle is expected for the 2009 calendar year.
Dr. Bernd Wiedemann, Spokesman for the Board of Management of Volkswagen Commercial Vehicles, commented: “The order from Porsche shows we have made significant progress towards more competitiveness. Our efforts are taking us in the right direction. Productivity, flexibility and quality were the decisive factors in securing this order for our Hanover operations.” He underlined that the decision would bring long-term security for some 500 jobs in Hanover.
Wiedemann added that the decision in favor of Hanover was good news for the plant. “The model diversity of our T5 demonstrates we have high production flexibility. Our large suction press can produce parts up to five meters in length, and our paint shop can apply 24 different standard colors and some 130 special color combinations.”
President and CEO of Porsche AG, Dr. Wendelin Wiedeking, said: “We examined several offers very closely before taking our decision. The VW plant in Hanover not only impressed us with its range of services, but above all with its high flexibility and broad production know-how. We are therefore convinced this plant will supply us with bodies that meet our premium quality specifications.”
The body will come from the Volkswagen plant in Hannover, and the engines will come from Porsche’s home base in Stuttgart. Plans are to produce 20,000 units per year from 2009 on.
The Panamera will have space for four adults, and four doors. The car is supposed to be a successor to the Porsche 928. The Panamera’s name is derived from the Carrera Panamericana race like the Porsche Carrera.
The Panamera is Porsche’s response to the Mercedes-Benz CLS 55 AMG and Maserati Quattroporte and the Aston Martin Rapide. The Panamera’s name is derived from the Carrera Panamericana race like the Porsche Carrera.