Mercedes-AMG is planning a smaller and cheaper version of the SLS supercar, which will take on cars like the Porsche 911 and the Jaguar C-X16.

In an interview with Auto Express the development director of performance division AMG, Cristoph Jung, said there is room for an AMG model below the SLS.

Jung also said that the success of the SLS Gullwing – which has now sold 5,000 models since 2009 – had paved the way for a second AMG model.

“It is important to work on our brand and grow it. Look at the Porsche 911 – it is a huge success. They have done a very good job in evolving it over the years.

The car will come as a coupé, and a roadster is also under consideration. the new SLS will be a two-seater, powered by a V8 engine mounted in the front of the car.

This engine will most likely be the 5.5 liter twin-turbo which develops up to 500 horsepower. Expect 0-60mph in four seconds and a top speed of 185mph.

The baby SLS is expected to arrive in 2014, with a price tag of around 80,000 Euros.

Via Autoexpress