Porsche planning a Ferrari - beating ultra luxury car

Porsche is mulling production of a luxurious sports production model designed to lure customers away from its Italian rival Ferrari, Porsche chief Matthias Mueller has told the Handelsblatt economics newspaper.

"An extremely lightweight mid-engined sports car could fill the gap between the 911 GT2 RS and the 918 Spyder," said Mueller.

The model would be priced at between 300,000 and 400,000 euros (393,000 to 524,000 dollars) which is substantially more expensive than the 911 GT2 RS. It carries a price ticket of 240,000 euros.

The much-vaunted 918 Spyder, which is not yet ready, is expected to sell for around 750,000 euros or nearly one million dollars.

Porsche's plans for a car in the lucrative "Ferrari segment" go back some years. The profit margin for such exclusive cars is large although production would probably be limited to only a few hundred units a year.

Porsche aims to boost annual sales to around 200,000 vehicles by 2018, fuelled mainly by volume models such as the Cayenne.

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