Report: Porsche Officially Confirms Baby Boxster Under Consideration
 

Porsche has officially confirmed that it is looking at bringing a baby Boxster model to market. Rumored to have been in the works for some time, VW Chairman Dr. Martin Winterkorn told the U.K.'s Autocar that such a sports car is under considreration.

When pressed on the issue, Winterkorn responded: "Let's just say we do not usually waste our effort…"

According to the report, the sports car, rumored to be called the "new 356", won't really be that much under the current Boxster, as Porsche looks to take its Boxster model further up-market. Power would come from a turbocharged 4-cylinder engine, making roughly 250-hp. This new model will also share its chassis with Audi's upcoming R4 electric car.

In addition to the new sports car, Winterkorn also confirmed that Porsche is taking a long, hard look at a smaller SUV to slot in underneath the Cayenne.

More: Report: Porsche Officially Confirms Baby Boxster Under Consideration on AutoGuide.com