The Porsche supercar, which was expected to be called the 960, is now expected to hit the market by around 2026 instead of 2019, claims Automotive News.
The new 960 was expected to take on the latest supercars of the time from Ferrari, McLaren, and Lamborghini and would draw its power from a quad-turbo flat eight engine that would produce around 650bhp.
However, the Volkswagen group, which Porsche is part of, is currently struggling to come to terms with the aftermath of the emissions scandal that rocked the company in September 2015. Volkswagen is currently trying to make every penny work, as it faces massive fines across the world.
While a mid-engined 8-cylinder Porsche supercar may seem to be a boon for the customer, the costs involved must not have appealed to the head honchos at the Volkswagen group.
Developing a new car takes a lot of investment and in most cases, supercars usually don't make money to justify production. So despite the fact that their former CEO Mattias Muller is now the CEO of VW, Porsche's supercar dreams have been put on the back burner as the VW group looks to electrify its lineup and do a bit of penny pinching.