A few months ago, Porsche CEO Matthias Müller put the brakes on the company's highly-anticipated entry-level roadster. Now, the executive has confirmed the model is in development and has already been shown to focus groups.

The only question is timing. As the executive told Motor Authority, "When is the right time [to launch the model]? Now? Three years from now? Six or seven?" He went on to explain that if the model poses any risk to the company's image, it would be delayed until a later date.

Müller's sentiments were echoed by board member Bernhard Maier who said "We're in no hurry. We have the freshest and youngest model line we've had in our history." He added that once the model is green-lighted, it would take three years to get it into production.

Besides talking about the 550 Spyder revival, Müller reportedly confirmed the Boxster will be offered with a four-cylinder engine. There's no word on when it will be available, but previous reports have suggested it could displace 2.5-liters and produce up to 360 hp (268 kW / 365 PS) in turbocharged guise.

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