Porsche research and development boss Wolfgang Hatz has dismissed reports that the firm is planning to launch a rival to the Tesla Model S, based on the new Panamera platform.
The new Panamera will launch in 2016. Several versions are expected to go on sale, including different bodystyles and a smaller version of the car which will take on the likes of top-end BMW 5-series models.
While the smaller version of the Panamera is likely to make production, an all-electric version currently isn't possible, according to Hatz.
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