With the Volkswagen Group having more or less completed the takeover of Porsche’s sports car business, the Stuttgart-based automaker’s officials are now able to focus on expanding their vehicle portfolio.

Of course, we’ve heard this before, but Porsche execs have a knack for saying one thing today and another tomorrow (see below).

An unnamed Porsche source told German news publication Automobilwoche that the company is considering whether to build two brand-new models, including a smaller version of the Panamera sedan codenamed Pajun to compete against the BMW 5-Series.

The other model under consideration is known internally as Project 960 and it’s a two-seat, mid-engine supercar with a twin-turbocharged V8 producing more than 600-horsepower.

The ‘Project 960’ would rival supercars from the likes of Ferrari and Lamborghini, possibly filling the gap between the higher-end versions of the 911 and the upcoming 918 Spyder plug-in hybrid.

In related news, last month, a Porsche official had dismissed the possibility of the development of a base roadster model priced lower than the Boxster, but now, Autonews Europe is reporting that the VW-controlled automaker has merely…postponed the so-called Project 551.

“It may take another generation of customers before a small roadster fits in with Porsche,” CEO Matthias Mueller told the publication.

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