---

Porsche Unveils Carrera GT at Louvre Super Sports Car Debuts

28 September 2000

Porsche Unveils Work of Art, Carrera GT, at Louvre Super Sports Car Debuts at Paris Auto Show

    PARIS, Sept. 28 Porsche Cars North America, Inc. (PCNA)
announced today its parent company, Porsche AG, unveiled a prototype of its
ultimate super sports car, the Carrera GT, at a pre-dawn ceremony at the
Louvre Museum.  It is anticipated if the Carrera GT, currently in test-phase,
goes into production it will be introduced to the market in 2003.
    The Carrera GT, an open cockpit super car, features a mid-engine naturally
aspirated V-10 with a displacement of 5.5 liters.  The roadster design will
have a top track speed in excess of 200 miles per hour, 0-60 mph acceleration
under four seconds, a carbon-fiber chassis, inboard suspension and will be
equipped with Porsche Ceramic Composite Brakes.
    "We're thrilled with the creation and potential development of this super
sports car", stated Fred Schwab, president and CEO of PCNA.  "Unlike the
previous ultra exotic Porsche 959, the Carrera GT, if produced, will be
available in the North American market.  There is a strong demand for a
vehicle of this type, and if it goes into production I'm convinced the market
will prove us right."
    Although the economy remains strong, many automakers are seeing their
sales slow, but not the fiercely independent Porsche.  Sales of Porsche models
continue to grow; calendar year-to-date sales in the U.S. are up 10 percent
over last year and in Canada the sales are up 28 percent.  "Consumers are
taking advantage of the vitality of the economy to purchase the Porsche they
always wanted," Schwab noted.  "I believe this new super car will entice them
further."
    Porsche indicated the Carrera GT unveiled today will be almost exactly
what consumers would see in 2003.  Anticipated pricing of the car will be
between (US) $350,000 and $400,000, and if the Carrera GT goes into
production, a minimum of 500 cars will be built.  "If we proceed with this
sports car, what you see in the exterior styling today closely represents what
you would see in the full-production vehicle," commented Harm Lagaay, head of
design for Porsche AG.
    During today's introduction of the Carrera GT, Porsche officials dispelled
rumors its LeMans inspired engine will be used in its upcoming sport utility
vehicle, Cayenne, due to be introduced in 2002.  Porsche officials also noted
the Carrera GT is "pure racing technology" developed for everyday use.