The third-generation Boxster (internally known as the 981) was announced on 13 March 2012 at the Geneva Motor Show with sales starting in early summer 2012. The 981 Boxster reflects the new design language from the 911 (991) and 918, and features new and revised engine and transmission specifications. Together with a new body, the type 981 Boxster features a new, 40 per cent more torsionally rigid chassis, the front track is 40 mm (1.6 in) wider, the rear 18 mm (0.7 in) wider and the wheelbase extended by 60 mm (2.4 in), but with a small weight reduction of up to 35 kg (77 lb) compared to the previous type 987 Boxster.
The standard Boxster was fitted with a new 2.7-litre flat-6 engine, and the Boxster S was fitted with the existing 3.4-litre engine but with revised performance. Both engines are equipped with a 6-speed manual gearbox and an optional 7-speed reworked PDK. Both manual and automatic models were available with several technical options including Porsche Torque Vectoring (PTV) and a Sport Chrono Package that includes active transmission mounts, and makes the PDK-equipped model even faster. Porsche claimed that the new generation Boxster provides fuel savings of 15% over the outgoing model.