(autoinsidernews) - Despite less-than-stellar success with its previous front-engined models, including the 928, Porsche is about to re-enter the front-engine GT coupe market. With the growing market for GT coupes, like the BMW M6, Jaguar XKR, Aston-Martin DB9, and Mercedes CL-Class, Porsche has decided that it needs a more direct competitor, than the far sportier 911, for those vehicles, reports Trend.
Based on the platform underpinning Porsche's 2009 Panamera four-door coupe, the new two-door coupe will feature a shortened wheelbase but will still share at least 60 percent of its components with the Panamera. The shorter wheelbase, a stiffer suspension setup and lighter weight should help to keep the 928's handling quite sporty. Power is expected to come from a collection of next-generation direct-injection V8's also to be used in the Cayenne and Panamera with power outputs from 350-hp to over 500-hp for the twin-turbo version. Rumors continue of a 6.0L V10 with up to 650-hp. Power will be delivered to the rear wheels through either a seven-speed, dual-clutch DSG or a six-speed manual for those insisting on shifting.
Expect the successor to the 928 to start around $100K with higher-end versions reaching above $150K. Porsche's new GT coupe is expected in showrooms by 2011.