Porsche green-lights series development of 918 Spyder

Supercar to be developed in Weissach and assembled in Zuffenhausen

MISSISSAUGA, ON, July 28 /CNW/ - In its session today, the Supervisory Board of Porsche AG gave the green light to series development of the Porsche 918 Spyder.

Reflecting the overwhelming response from the public and customers, Porsche's board of Management was given the mission to develop a production car based on the ultra-high-performance plug-in hybrid Concept Study, which debuted at the 2010 Geneva Motor Show.

"Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance featuring the combination of supreme performance and efficient drivetrain concepts," said Michael Macht, President and Chairman of the Board of Management of Porsche AG. "We will develop the 918 Spyder in Weissach and assemble it in Zuffenhausen. This is also a very important commitment to Germany as a manufacturing base."

The 918 Spyder Concept Study combines the performance of a super sports car with CO2 emissions of just 70 g/km and with fuel consumption of 3.0 L/100 km in the New European Driving Cycle.

Further product details of the 918 Spyder will be disclosed in the months to come.

Note: Photos of the Porsche 918 Spyder are available to accredited journalists in the Porsche Press Database at http://presse.porsche.de. Footage material is available to registered users at http://www.thenewsmarket.com/porsche.

/NOTE TO PHOTO EDITORS: A photo accompanying this release is available at http://photos.newswire.ca. Images are free to accredited members of the media/

For further information: Laurance Yap, 416-450-4399, [email protected]