Wall Street Journal article today:

DETROIT -- German sports car and luxury SUV maker Porsche AG is studying whether to offer a hybrid gas-electric model, possibly a version of its Cayenne sport utility vehicle, the head of Porsche's North American unit said.

Peter Schwarzenbauer, president of Porsche North America, said a team has been studying whether the auto maker should develop a hybrid model since earlier this year.

"It looks like this is probably a trend for the future," Mr. Schwarzenbauer said during a dinner with reporters in Detroit Tuesday. "We are seriously looking at this technology" for the North American market, he said.

Also 4th model discussion:

Porsche continues to study whether to offer a fourth model beyond its Boxster roadster, 911 series sports cars and Cayenne SUV. The company's deliberations are "30% if, and 70% what," Mr. Schwarzenbauer said. He said a decision should come sometime in mid-2005.