At first, Porsche CEO Matthias Mueller said that the company would be interested in a smaller and cheaper roadster model than the Boxster during an interview at the 2011 Frankfurt Motor Show.

A few months later, speaking to German business publication Wirtschaftswoche in January of 2012, he downplayed the possibility of an entry-level roadster but he did not rule it out completely either.

Now, those dreaming of owning a lower priced Porsche sports car will have to abandon the thought as Mueller told the Stuttgarter Zeitung that the company has decided not to pursue the idea at all.

“We would do no good to the brand if we were to lose traditional Porsche customers by pursuing a smaller Boxster model,” he told the German daily in an interview that was published over the weekend.

Mueller was also asked about the rumors concerning the development of a smaller sports sedan model codenamed Pajun, which Autobild said could arrive in the market by 2017. The Porsche CEO told the newspaper that while the company has no immediate plans for such a model, it could become a reality in “five or six” years.

Story References: Automotive News

2013 PORSCHE BOXSTER