Pricey Porsche plug-in announced

Porsche has announced it will
produce its 918 Spyder plug-in hybrid sports car, which was unveiled at the
Geneva Motor Show in April. The car boasts a 500-horsepower V8 engine and is
expected to be among the most expensive Porsches ever produced.

The German sports carmaker said it
green lighted the car after receiving “overwhelming response from the
public and customers” on its concept study. Back in April, Porsche’s
development chief, Wolfgang Duerheimer, said Porsche needed at least 1,000
sales pledges to start building the car.

This 918 Spyder uses electric
motors in the front and rear axles to supplement the gasoline engine power. It
plugs in for its electric power, which is stored in a liquid-cooled lithium ion
battery housed just behind the seats.

Porsche has not yet set the price
for the car.

The most expensive Porsche ever
sold was the Carrera GT, last produced for the 2005 model year with a sticker
price of $440,000.

Porsche revealed two other hybrids
at the same show, including its first hybrid race car, the 911 GT3 R Hybrid,
which is equipped with an electrical generator instead of heavy batteries. The
car has raced in the Le Mans series in Europe and will make its U.S. racing
debut this fall in Atlanta.

The third car — the Cayenne S
Hybrid — has just entered production and can drive on electric power alone at
speeds up to 97 miles power hour.

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