The story about Porsche developing a long-wheelbase version of its Panamera sedan has been circulating for quite some time now, but today, it was reported that inside sources not only confirmed but also revealed that the car will launch in early 2012.

The unnamed sources stated that the Panamera LWB will gain a 150mm (5.9-inches) wheelbase extension for a total length of 3,070mm (120.8-inches). The additional space is said to benefit the rear passengers.

Aside from the very un-Porsche limo, it is also reported that the Panamera will receive its first facelift in 2013, and that the German sports carmaker is contemplating the development of a smaller sedan model, allegedly called Pajun (we guess the name is inspired by the Cajun small SUV), to slot right under the company's full size sedan model.

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