The 928 S4 variant debuted in the second half of 1986 as a 1987 model, an updated version of the 5.0 L V8 for all markets producing , sporting a new single-disc clutch in manual transmission cars, larger torque converter in cars equipped with automatic transmission cars and fairly significant styling updates which gave the car a cleaner, sleeker look. S4 was much closer to being a truly world car than previous models as only major differences for North American models were instrumentation in either kilometers or miles, lighting, front and rear bumper shocks and the availability of catalytic converters in many other markets. The Australian market version was the only one with different horsepower rating at due to preparation for possible low grade fuel. Even this was achieved without engine changes.