Porsche CEO Matthias Mueller has told a German newspaper that the brand is mulling a revival of the classic 550 Spyder.

The open-top 2-seat racer would be less-expensive than the current Boxster model, Mueller told the daily Handelsblatt in an interview.

"I can imagine that such a modern version of the famous 'James Dean' Porsche would be well-received by our customers," said Mueller.

We've previously reported on details surrounding a possible new entry-level Porsche model which would slot beneath the Boxster.

That model is said to be scheduled for launch in the summer of 2014 and would come with a (rear) mid-mounted turbocharged 1.6 liter unit with around 200 PS (147 kW / 197 bhp). The starting price for this new entry-level Porsche will be around €39,000 - about €8,000 less than the current Boxster.

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