The German holding company Porsche Automobil Holding SE has created in 2010 a full size luxury car as an addition to its superior line of cars. This was called the Porsche Panamera type number 970, which has a front engine, rear wheel drive or front engine, four wheel drive layout. This is assembled in Leipzig, Germany and was displayed at the 13^th Auto Shanghai International Automobile Show in April 2009.   

                In April 2007, a spy video of the Panamera was released on the internet, and it was only in September of the following year that a teaser video of the car was released by the manufacturer. The Panamera is available as a five door fastback and as a Gran Turismo, or a high performance luxury car designed for long distance driving. The name Panamera was derived from the Carrera Panamericana race, and was created as a product of the Porsche 989 concept way back in the 1980s.

                Among the key competitors of Porsche Panamera include the Audi 8, the BMW 7 Series, BMW 5 Series Gran Turismo, Mercedes Benz S Class, Mercedes Benz CLS-Class, Aston Martin Rapide, and the Maserati Quattroporte. Other versions of the car include the Panamera Turbo S, the Panamera S hybrid, and the Panamera Diesel. The Panamera Platinum Edition was also marketed in October 2012 as a limited edition version, where each dealer gets two samples at most.