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A new back to basics small Porsche sports car has been rumored for some time, and new information on the car has been revealed.

According to Car Magazine, the car will be called the 718 Roadster, and will arrive in 2016. The small two-seater will share its platform and wheelbase dimension with the Boxster, but the 718 will have much smaller overhangs and unique style. It will also weigh roughly 260 pounds less than the Boxster, with Porsche targeting a 2,600 pound curb weight.

Power will come from a new flat-four cylinder engine that will be offered in two different flavors, either a 2.0-liter or 2.5-liter. Both engines will be turbocharged, with the smaller of the two making 286 hp and 295 lb-ft of torque and the larger pumping out 360 hp and 347 lb-ft of torque. There will be a six-speed manual or a seven-speed dual clutch automatic transmission available.

A canvas convertible roof will be used to help keep weight down, and will be manually operated. On the interior, things will be kept simple, with manually adjusted seats and a simple guage cluster that doesn’t feature the complex screens of cars like the 911 or Audi TT.

To accommodate the new 718 in the lineup, the existing Boxster will be pushed upmarket to sit above the Cayman. That way, the fixed-roof coupe will separate the brand’s two convertibles in the lineup.

Car says that the 718 will cost about £32,000. When it makes it to North America, the car will likely cost somewhere between $40,000 and $45,000.
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