According to the latest reports, it appears that Porsche will add an entry-level sports car as part of its plan to double its global sales to 200,000 vehicles by 2018. The new car will be powered by the new four-cylinder engine and will be and addition to the small SUV dubbed Cajun and to the plug-in hybrid supercar 918 Spyder. Porsche has to complete the new product strategy by the end of March. The new plan will also include a boost in production capacity.

"We have a good opportunity to get new products to increase volume and revenue," Porsche CEO Matthias Mueller said. Regarding the entry-level sports cars, this is expected to be similar to the legendary 550 Spyder of the 1950s. It will be priced below the Boxster, which currently has a base price of of $48,550, including destination. Apparently, this new car is Mueller’s dream. "I imagine having such a car in a few years," he said. "We already have available the technical concept for such a car that is based on the Boxster platform." Moreover, Porsche could also make the car cheaper by using modular systems from the next-generation from the next-generation Golf platform. [via autonews - sub. required]