The Porsche Panamera Station Wagon Is Coming

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Porsche — owned by Volkswagen AG (ADR) (OTCMKTS:VLKAY) — may soon release a more practical version of its Panamera vehicle.

PorscheThe hybrid design may come in the form of a station wagon, which could be unveiled at the 2017 Geneva Auto Show. Earlier this summer, Porsche unveiled the second-generation Panamera.

The Panamera will come equipped with a twin-turbo 2.9-liter V6 engine capable of churning out 440 horsepower. The 4S version of the vehicle can reach 60mph in 4.4 seconds, and it can hit a top speed of 180mph.

The Panamera Turbo will have a 4.0-liter, twin-turbo V8 engine with 550 horsepower and a 0-60 speed in only 3.6 seconds, with a top speed of 190 mph. It is likely that the upcoming Panamera wagon will include a similar design as one of these vehicles.

The inside of the second-gen Panamera will have a 12.3-inch tablet-like touchscreen next to the driver. A thermal image makes it easy for the driver to see in the dark.

Porsche recently announced the Mission E, which will be the company’s first-ever electric car and it will require 1,400 additional workers to build. 15,000 of these vehicles will be produced in its first year, which is 25% less than the 20,000 Panameras built on the first-gen version’s first year.

The company has no current or future plans to build a self-driving vehicle, but perhaps this will be Volkswagen’s next move as we move to a world with driverless technology.

VLKAY stock is up 0.1% Wednesday.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/09/porsche-panamera-vlkay-stock/.

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