A new report indicates the next generation Porsche Boxster and Cayman will be sold with the "718" moniker.

A new report indicates the next generation Porsche Boxster and Cayman will be sold with the "718" moniker.

It was only several days ago when Porsche head of research and development Wolfgang Hatz announced development of an entry-level model called 718 has been cancelled and now Automobile Magazine says the name will still be used but on the next-gen Boxster and Cayman duo. Aside from the moniker change, the new models will also come with a significantly lower starting price granted by the introducing of flat-four engines.

The Porsche 718 will likely be unveiled in the second half of 2016 prior to going on sale as a 2017MY. It is believed the new range of smaller four-cylinder engines will have an output ranging from a 1.6-liter with 210 bhp (156 kW) up to a 2.5-liter with 360 bhp (268 kW). There's also going to be a mid-range 2.0-liter outputting 286 bhp (213 kW).

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Next-gen Boxster and Cayman to be renamed Porsche 718