Porsche's new mini-SUV to be called the Roxster?

Updated: Porsche has released a statement denying that the mid-sized Roxster SUV is in development.

Original: News is circulating about the development of a new Porsche SUV to be slotted below the full-size Cayenne and which will be based off a similar Audi model. Like the Cayenne, which shares a platform with the Audi Q7, the new Porsche compact SUV will share its underpinnings with the upcoming Q5.

The latest issue of Germany’s Autobild reveals that the new SUV will be called the Roxster and that Porsche has already copyrighted the name. The source further stipulates that in exchange for its Q5, Audi will receive technology from the next generation Porsche Cayman and Boxster to develop its own roadster model for release towards the end of the decade, rumored to be called the R4.

Unlike the Cayenne, the Roxster will be a hard-edged performance vehicle with superior handling and dynamics. Previous reports suggested that it might share its powertrains with the Cayenne, which would mean both V6 and V8 models.

Porsche’s CEO Wendelin Wiedeking has previously mentioned that he’d like to see further utilization of the new production facilities being set up to accommodate the Panamera, so it’s entirely possible that we’ll see Porsche build a new small SUV.

Thanks to Dan for sending in the tip.