Citing an overwhelming response, Porsche has green-lighted production of the 918 Spyder concept. Full details inside.

Citing an overwhelming response, Porsche's Supervisory Board has green-lighted production of the 918 Spyder concept.

Originally shown at the 2010 Geneva Motor Show, the 918 featured a 368 kW (500 PS / 493 hp) V8 engine and three electric motors which produced 160 kW (218 PS / 215 hp). This gave the concept a combined output of 528 kW (718 PS / 708 hp) which allowed it to accelerate from 0 to 100 km/h in 3.2 seconds, before hitting a top speed of 320 km/h (198 mph). More importantly, thanks to plug-in hybrid technology, the Spyder only consumed 3.0 liters/100 kilometers (94 mpg imp / 78 mpg US) while emitting 70 grams of CO2 per kilometer.

According to Michael Macht, President and Chairman of the Board of Management, "Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance featuring the combination of supreme performance and efficient drivetrain concepts. We will develop the 918 Spyder in Weissach and assemble it in Zuffenhausen. This is also a very important commitment to Germany as a manufacturing base."

Pricing is expected to start at €500,000 ($649,835) and customers will, reportedly, be asked for a €38,470 ($50,000) non-refundable deposit.

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