Exciting things are happening inside Porsche headquarters these days, as the company’s top brass is said to have green-lighted a couple of new sports cars. The work is underway on a new GT variant of the 911, a GT4 version of the Cayman, and the long-awaited, all-new, four-cylidner, compact sports car, which is reportedly called the 718.

Porsche 718 will be based on the Boxster platform, so although its names is borrowed from some serious 1950s racing cars, it will be an entry-level sports car designed to deliver loads of driving fun on the street and not the race track.

The designers and engineers are told to keep the weight of Porsche 718 below 1,200 kg. That means aluminum will play a major part in the construction of this car, with a bit of help from materials like polyurethane. Motivation will be provided by a brand-new four-cylinder boxer engine. There will be a few different variants of it available, including a 2.0 liter turbo and a 2.5 liter with up to 360 horsepower.

To be launched in 2016 featuring an electric soft-top, Porsche 718 will cost around 50,000 Euros.

Via AutoBild