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Porsche reviving 718 name for new Boxster and Cayman

The next-generation Boxster and Cayman are coming next year, and when they launch, they'll have a new name: 718. There's historical significance there – in 1957, Porsche launched the 718 racecar with a mid-mounted, four-cylinder engine. And when the new Boxster and Cayman come to market, they'll be powered by a new turbocharged, flat-four engine, mounted amidships just like in the current cars. That powertrain isn't a surprise, but the name change certainly is. Officially, the cars will be called 718 Boxster and 718 Cayman, and Porsche says the two models "will share more similarities than ever before," both visually and mechanically. What's more, Porsche confirms the 718 Boxster will carry a higher price tag than the 718 Cayman, which is a switch from the company's current pricing strategy – right now, a base Cayman costs $500 more than a standard Boxster. Technical details haven't been confirmed yet, but an earlier report suggests the 2.0-liter flat-four will produce 240 horsepower in the base cars and 300 hp in the S models. GTS versions are tipped to produce as much as 370 hp from this same flat-four engine. Both 718 models will be unveiled throughout the course of 2016. Have a look below for Porsche's official statement. Related Video: Boxster and Cayman to be branded as 718 model range next yearPorsche's mid-engine sports cars to receive new name Atlanta, Georgia. The mid-engine sports cars from Dr. Ing. h.c. F. Porsche AG will be named 718 Boxster and 718 Cayman, respectively, when the models are introduced over the course of 2016. The 718 designation is a reference to the ground-breaking sports car Porsche introduced back in 1957, which achieved great success in a number of renowned car races. The 718 Boxster and 718 Cayman will share more similarities than ever before – both visually and technically. In the future, both will have equally powerful turbocharged flat-four cylinder engines. The Roadster will be positioned at a higher price level than the Coupe – as is the case with the 911 models. The 718 model range is driven by the four-cylinder concept and the history of distinguished Porsche sports cars. The latest example is the 919 Hybrid LMP1 race car, which is powered by a highly-efficient, turbocharged 2.0 liter four-cylinder engine.

Porsche needs more people for Mission E

In an effort to get the all-electric Mission E on the road, Porsche is hiring an additional 400 people – on top of the 1,000 it previously hired – to work on the production and development of the vehicle. The majority of the new employees will work at the automaker's plant in Zuffenhausen, which is located close to Stuttgart, Germany, while others will focus on e-mobility, vehicle connectivity, and other related fields. In addition to hiring these new employees, Porsche is also looking for roughly 100 IT specialists, 50 creatives, and 70 more apprentices as part of an industry-wide push, though the Mission E is still four years away from going into production. In an interview with Australia's Drive, August Achleitner, product director for the 911, revealed that the automaker does not have any current plans to put an electric 911 on to the road. "Right now it wouldn't make sense in our opinion to offer an electric 911, or hybrid version, because there are so many disadvantages of such a concept with this narrow layout of a 911," stated Achleitner. While the automaker is currently not interested in creating an electric 911, Achleitner believes that vehicle could become a possibility in the future – 10 years into the future. Achleitner points towards a lack of demand for an electric 911 as another hindrance to the vehicle. Achleitner's comments go directly against what Lutz Meschke, a board member at Porsche AG, stated earlier this year. In March, one of Porsche's official Twitter accounts claimed that the automaker would offer a hybrid version of every model in its lineup, including the 911. Porsche never released any specific dates on when its mass hybridization project would begin, as the automaker uses the term "near future" to describe its plans. Related Video: Featured Gallery Porsche Mission E Concept: Frankfurt 2015 View 37 Photos News Source: Drive, PorscheImage Credit: Copyright 2015 Drew Phillips / AOL Green Hirings/Firings/Layoffs Porsche Coupe Electric Sedan porsche mission e porsche mission e concept

Porsche's new twin-turbo V8 will power Audis

Porsche unveiled a new twin-turbo V8 engine at the 37th International Vienna Motor Symposium yesterday. According to a report from Car and Driver, the engine will see use in future V8 applications across the VW Group and could find its way into various Audis, Bentleys, and even the Lamborghini Urus. We expect to see it first in the 2017 Porsche Panamera. The engine makes 549 horsepower and 567 pound-feet of torque, or 21 hp less than the 4.8-liter twin-turbo V8 in the Panamera Turbo S. Welcome to the brave new world in which Porsche is a more-integrated part of the VW group. While the new engine puts out impressive numbers, it likely means that the Porsche-exclusive 4.8-liter is headed for the history books. Component sharing is nothing new - Porsche already uses other VW Group engines in its lineup - but it means the flat-four and flat-six engines in the 718 Boxster/Cayman and 911 will be the only unique powerplants remaining in the Stuttgart automaker's offerings. According to C/D, the new engine features cylinder deactivation and is optimized for future hybrid applications. It also consumes 30 percent less fuel than its predecessor, and will mate to both an 8-speed automatic and ZF's dual-clutch 8-speed. Along with the next Panamera, Porsche is also likely to use this engine in the Cayenne. A representative of Porsche North America was unable to provide any official information to Autoblog. If you're hungry for more details, click through to C/D's website. Related Video: News Source: Car and Driver, 37th International Vienna Motor Symposium Porsche Luxury Performance