According to a report from German magazine Auto Bold, Porsche is planning to develop a smaller version of the four-door Panamera by 2017, which will be named the Pajun.
The report also says that the sedan would expand Porsche's model lines to six and will be a direct competitor to the Mercedes E-Class, CLS Coupe and the BMW 5-Series. It have a price of between €65,000 and €100,000.
The Pajun will help the German carmaker achieve its target of 200,000 annual sales by 2018.
