Porsche planning Ferrari F12 rival

Porsche is considering creating a luxurious sports new sports car to lure customers away from Ferrari.

Porsche chief Matthias Mueller told the Handelsblatt economics newspaper that such a car would plug the gap between the 911 GT2 RS and the 918 Spyder.

Muller added that the mid-engined sports car would also have an extremely low kerb weight.

The car is expected to cost more than the 911 GT2 RS.

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 and new entrants such as the Macan compact SUV.