In the wake of the success of the entry-level 2011 Panamera V6, Porsche has decided to launch an even less expensive version of their four-door sports sedan. The new Panamera V (for "Value") will be priced at $34,995, just $3,000 more than a top-of-the-line Toyota Camry.
"Mid-size, mid-priced sedans are one of the fastest-growing segments in the North American auto market," explains Porsche representative Ferdinand Ferry. "We feel we can grow our market share by offering Porsche prestige at a price that is competitive with mid-size offerings from Honda and Toyota."
The Panamera V will be powered by a Volkswagen-sourced 2-liter turbocharged four-cylinder engine, similar to the one found in the Volkswagen GTI, coupled to a 6-speed Tiptronic automatic transmission. Other mechanical changes include a simplified live-axle rear suspension and front disc/rear drum brakes. Externally, the Panamera V is distinguished from pricier Panameras by black bumpers, mirrors and door handles and steel wheels with full-width plastic covers.
Inside, the Panamera V gets cloth upholstery, manually-adjustable seats and steering column, and a two-speaker AM/FM/CD stereo. Power windows and cruise control will be available as part of an $895 Value Deluxe Preferred Package, but buyers who want air conditioning will have to step up to the $75,350 Panamera V6.
