Auto News 5

One year ago, Porsche chief Mattias Mueller let it known that a compact, open-top, two-seater would make a useful addition to the brand. Only nine months later, however, Herr Mueller stated that the time may not yet be right for such a new entry-level model. Misunderstanding, change of strategy, red herring? A bit of everything, it seems. Having spoken to the vehicle line chiefs from Weissach and to representatives of the supplier community, we are confident that proposed mid-engined project 551 has not been cancelled.