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Although it was one of the lesser talked about rumors swirling around the 'net, it has been said that Porsche was going to consider building a reborn 356 or a baby Boxster.

Someone hit it on the head, as today we hear from Autocar that VW Group chariman, Martin Winterkorn, has came out and said that an entry-level offering "...is being evaluated."

Although it is said to be an entry-level model, it will not carry entry-level prices as Autocar says it would cost approximately £33,000 pounds. Not exactly a cheap car.

Also intriguing is that the car may be loosely based on the upcoming Audi R4. Granted, expectations are assuming that the Porsche variant will be significant different and bleed true Porsche characteristics.

Autocar reports:

"VW Group chairman Martin Winterkorn has given the first official confirmation that a new entry-level Porsche sports car is being evaluated.

Talking to Autocar in Wolfsburg as the new VW Polo received its the 2010 Car of the Year Award, Winterkorn said: "The Porsche model range is firmly based on the 911, Boxster, Cayenne and Cayman, and it will stay that way. We are also investigating opportunities for a smaller sports car and a smaller SUV - but I cannot say more at the moment."

When asked how likely the new models were to make production, he responded: "Let’s just say we do not usually waste our effort…"

Dubbed by some insiders as the “new 356”, the mid-engined machine will not, however, be a bargain basement model, despite initial rumours to the contrary. Given the final green light, it would cost from about £33,000 in today’s money..."



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VW Chairman Spills The Beans, A Baby Boxster Is Being Considered

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