Jim Holder:

Müller told German newspaper Handelsblatt: “I can imagine that such a modern version of the famous ‘James Dean’ Porsche would be well received by our customers.” He also said that the new model would not be retro-styled.
 The Porsche was at that time expected to be based on a new mid-engined aluminium and steel platform being developed by Audi which was also set to be used for the proposed Audi R4 roadster. However, that project was also cancelled, leaving the baby Porsche’s chances of making production very slim.
 The engine range would have been drawn from the new flat-four engines Porsche has in production. These will be rolled out on the facelifted Boxster and Cayman ranges in 2015. The engine is understood to produce around 400bhp in turbocharged form.