Porsche(R) to Build Hybrid Version of Cayenne(R) SUV

Company Also Reveals Record Sales/Revenue Results and Unveils Cayman S(R) at Frankfurt Motor Show

ATLANTA, Sept. 13 -- At its press conference today at the Frankfurt Motor Show (IAA) in Germany, Porsche announced its decision to build a hybrid version of its highly successful Cayenne SUV, revealed provisional results for its 2004/2005 fiscal year, and took the wraps off its newest sports car -- the 2006 Cayman S.

The hybrid Cayenne will cut fuel consumption by approximately 15 percent while retaining its legendary Porsche driving dynamics. To be launched by the end of the decade, the vehicle's environmentally friendly drive system is being developed together with Volkswagen Group. It will be based on a Full Hybrid Drive Concept, meaning that the vehicle will be powered by both a gasoline combustion engine and an electric motor that operate independently or in a joint process.

Dr. Wendelin Wiedeking, Porsche President and CEO, announced the company again set records for both revenue and sales. For the fiscal year that ended July 31, 2005, revenue was up by 6.8 percent to Euro 6.56 billion, while sales increased by 15 percent to 88,379 vehicles worldwide. Porsche attributes much of the growth to successful sales of the redesigned Porsche Boxster(R) models (up 38.7 percent worldwide) and the new-generation Porsche 911(R) Carrera(R) models (up 17.4 percent worldwide). Total Cayenne sales of 41,884 units (up 4.9 percent worldwide) reflect the ongoing attraction of Porsche's youngest model line.

Porsche expects to see further sales momentum as a result of the long- awaited two-seat Cayman S coupe, which premiered today and will be introduced in the North American market in January 2006. Flaunting a pedigree of both the 911 Carrera and Boxster series, this striking extension of Porsche's range of sports cars incorporates dramatic new styling, a powerful 295 hp (SAE) engine, and features and options made popular by its brethren. The only mid-engine coupe in its class, the Cayman S is positioned and priced between the Porsche 911 Carrera and Porsche Boxster S.

Porsche Cars North America, Inc. (PCNA), based in Atlanta, Ga., and its subsidiary, Porsche Cars Canada, Ltd., are the exclusive importers of Porsche 911, Boxster and Carrera GT sports cars and Cayenne sport utility vehicles for the United States and Canada. A wholly owned, indirect subsidiary of Dr. Ing. h.c.F. Porsche AG, PCNA employs approximately 250 people who provide Porsche vehicles, parts, service, marketing and training for its 209 U.S. and Canadian dealers. They, in turn, provide Porsche owners with best-in-class service.