Breaking: Porsche 918 Spyder Approved For Production

Breaking: Porsche 918 Spyder Approved For Production
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Porsche has green-lit their hybrid supercar concept, the 918 Spyder, for production. The 918 Spyder, able to get 78 mpg while hitting 60 mph in 3.2 seconds, is expected to cost $630,000 by the time it hits the streets. We wonder if the much hyped $7,500 tax credit will apply, but when you’re this deep into the price bracket, it scarcely matters.

While purists may scoff at the notion of a Porsche hybrid supercar, the 918 Spyder is a very significant car, whether you love it or hate it. The 918 shows that the word hybrid does not have to mean “boring econobox”, and that even sports car makers like Porsche have capitulated to the “green fever” that has gripped our society over the last decade.

[Source: Porsche]

Hit the jump to read the official press release

PORSCHE GREEN-LIGHTS SERIES DEVELOPMENT OF 918 SPYDER

Supercar to be developed in Weissach and assembled in Zuffenhausen

MISSISSAUGA – July 28,2010 — In its session today, the Supervisory Board of Porsche AG gave the green light to series development of the Porsche 918 Spyder.

Reflecting the overwhelming response from the public and customers, Porsche’s board of Management was given the mission to develop a production car based on the ultra-high-performance plug-in hybrid Concept Study, which debuted at the 2010 Geneva Motor Show.

“Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance featuring the combination of supreme performance and efficient drivetrain concepts,” said Michael Macht, President and Chairman of the Board of Management of Porsche AG. “We will develop the 918 Spyder in Weissach and assemble it in Zuffenhausen. This is also a very important commitment to Germany as a manufacturing base.”

The 918 Spyder Concept Study combines the performance of a super sports car with CO2 emissions of just 70 g/km and with fuel consumption of 3.0 L/100 km in the New European Driving Cycle.

Further product details of the 918 Spyder will be disclosed in the months to come.