Porsche CEO says 550 Spyder is not dead
Back in January, Porsche CEO Matthias Mueller said that the world was just not ready for the long rumored baby Boxster - or 550 as it is believed to be called. However, now it seems that Mueller is investigating the decision a bit further and coming up with a different response because in a recent interview he said the car was definitely still in the works.
Mueller said that Porsche held a focus group last month to see if the market was ready for a new A-segment roadster. He didn’t reveal the results, but he did say that it would be more a matter of when; "when is the right time? Now? Three years from now? Six or seven?" The timing has to be just right and so does the car because Porsche doesn’t want to risk introducing a new lower-priced, entry-level model and end up damaging the company’s brand image. Until those details are ironed out, Porsche will simply not move forward with a decision: "We’re in no hurry. We have the freshest and youngest model line we’ve had in our history."
If built, the 550 will be powered by a four-cylinder engine with an output between 200 to 300 HP. The new model will also feature a light chassis and will obey all the future fuel economy regulations.