Page "Porsche 924" Paragraph 5

The 1973 oil crisis, a series of automobile-related regulatory changes enacted during the 1970s and a change of directors at Volkswagen made the case for a Volkswagen sports car less striking and the 425 project was put on hold.

After serious deliberation at VW, the project was scrapped entirely after a decision was made to move forward with the cheaper, more practical, Golf-based Scirocco model instead.

Porsche, which needed a model to replace the 914, made a deal with Volkswagen leadership to buy the design back.