Porsche announces 'entry-level' SUV

Germany's Porsche said on Monday that it plans to launch an "entry-level" new model line, a four-by-four sports utility vehicle (SUV) christened the Cajun.

The new car will help attract "new and even younger" customers to the brand, alongside with the two-seater Boxster, which retails in Germany for just under 47,000 euros, according to Porsche's website.

The Cajun will be the sixth model line alongside the Boxster, the Cayman, the 911, the Panamera and the Cayenne SUV, and will be "efficient and sporty," the company said. It promised the car would be light in weight, easy to handle and agile.