Porsche’s press release of the Panamera’s world debut reads:   

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart, presented the Panamera to the world public today at the 13th Auto Shanghai. Joining the 911, the Cayenne, and the Boxster/Cayman, this new four-door Gran Turismo is Porsche’s fourth model series, with three variants entering the market in Germany on 12 September 2009. The Panamera is making its debut as an eight-cylinder delivering 400 and, respectively, 500 horsepower and with both rear-wheel and all-wheel drive, a six-cylinder gasoline model and a hybrid version following later.

Klaus Berning, Executive Vice-President Sales and Marketing of Porsche AG, expressed a clear view at the world debut of the Panamera: “Introducing the Panamera, we are entering a market segment completely new for our customers and we are once again consistently expanding our model portfolio.”

Through its design and looks alone, the Panamera clearly stands out from the competition at very first sight. Like no other car in its class, it offers a truly unique combination of sporting performance and luxurious comfort. Despite its low and sleek silhouette so typical of Porsche, the Panamera, measuring 4.97 metres (195.7″) in length but only 1.42 metres (55.9″) in height, ensures a generous feeling of space on all four seats.

[Source: Porsche]