#MichaelMacht

When Porsche unveiled the 918 Spyder concept at the Geneva Auto Show last week, the automaker no doubt had hopes of a positive reception, leading to a potential production car. And that’s exactly what seems to have happened.

Porsche will not build hybrid versions of its sports cars says company CEO Michael Macht. Both the 911 and Boxster models are off-limits as far as the German sports car maker’s hybrid plans are concerned, although Porsche is pushing ahead with plans to launch a hybrid version of the Cayenne SUV.

Porsche’s new CEO has said that the German sports car maker is open to sharing the Panamera platform with other Volkswagen Group brands. He even went so far as to say that (gasp!) the iconic 911 platform could be used across brands.

Porsche engineers are working “intensively” on an electric sports car that could be brought to market in as little as five years says company head Michael Macht.

Porsche CEO Wendelin Wiedeking is leaving his position at the helm of Germany’s most renowned sports car maker and he isn’t leaving voluntarily. Wiedeking was sacked by the Porsche’s executive board late yesterday so that the company could move forward with a “merger” with Germany’s largest automaker, Volkswagen. The now former CEO opposed the deal and so has been removed, along with the company’s chief financial officer Holger Haerter.