Is Porsche building a low-end SUV?

Could Porsche be looking to increase it's model offerings even further by offering a low-end SUV to compete with the BMW X3?
Rumors have been swirling that Porsche has developed a full clay model of a three-door off-roader that would fit below the Cayenne in both price and performance. Most estimates would put the new 'mini' Cayenne price around $35,000.
Other speculation has Volkswagen building the SUV for Porsche with both companies selling a model as is the case with the VW Tourage and Cayenne. Others have made the prediction that a small Porsche based SUV could become the new Audi Roadjet. Porsche currently is the largest share holder of VW owning 20 percent of the company.


