RC:
Upsa:

At this rate maybe we wont see Pana II till 2016

The next Panamera generation is rumored to be presented in 2015, latest 2016. This was always the plan, nothing has changed. 

If it looks like this, the Panamera II will be we'll worth the wait:  http://www.worldcarfans.com/113010352238/2016-porsche-panamera-gets-rendered