Back in January it was reported development of the spiritual successor of the Porsche 550 has been put on hold due to economic uncertainties. But now Porsche executive Matthias Mueller has revealed the entry-level roadster is definitely still in the works.

The small Porsche has already been shown to focus groups, which are seen as an important tool for acquiring feedback regarding new products. The Porsche 550 has been shown in order the discuss and review its impact on the brands image and to see if the time is right for Porsche to enter the A-segment roadster market. If there would be any risk Porsche’s image could be harmed by the relative low priced roadster, than the Porsche 550 would be delayed until a later date.

Mueller did not revealed the outcome of the research, but it appears the new Porsche is a matter of timing as the Porsche executive rhetorically asked Motor Authority: “When is the right time? Now? Three years from now? Six or seven?” His opinion is shared by Bernhard Maier, head of sales and marketing for Porsche: “We’re in no hurry. We have the freshest and youngest model line we’ve had in our history.” If the Porsche 550 Spyder receives the green light, than it would take another three years before it will be available.

The new Porsche 550 is likely to be powered by a four-cylinder boxer 2.5 liter engine producing 365hp in turbocharged form. The rumored price tag would be around $ 55,000 or € 40,000, making it the least expensive Porsche on sale.

Regarding an other member of the Porsche family, Mueller revealed the 2013 Boxster will be powered by a four-cylinder engine in the near future. According to rumors, this engine would have an displacement of 2.5 liters and should provide up to 365 horsepower. Indeed, the same engine which is likely to power the upcoming 550.

More news will follow, so stay tuned!

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