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I wish somebody like an art student or a designer would do an analysis of the 914's styling to explain why it's NOT ugly. Kinda like those features Motor Trend does on certain new cars where they point out every little design element and explain why it works.
The recent interest in "mid century modern" architecture, furniture and design are related to the renewed interest in the design of the 914, I think. Low, horizontal, minimal, subtle, delicate, refined, no adornedment or ornamentation. These can all describe an early "ranch" house, modern furniture (think bent wood or steel frames), anything out of the Bauhuas or Ulm schools - including the Bosch radio by you know who (Gugelot). Things that are stripped down the their bare minimum functional necessity, but done so to see what kind of beauty can be achieved in that simplicity and efficiency. Sounds like a Porsche thing to do!
Overall, the 914 has great proportions and stance, but a few odd and uncommon details that keep it from being understood by the masses. The big issue to resolve, as I see it, was the tallness of the roof reconciled with trying to keep the thing low and flat (like all the late 60's concept cars with mid-engines). To do this without curves climbing up the hood and down the trunk as in a 356 or 901, they covered the roof and pillar in black vinyl to try to make it "go away" - become a separate element and not read as part of the body. That is why they tried vinyl on the A pillars in 1973, to complete that idea.
Overall, that idea kind of worked, but our continued debates here about what to do with sail panel and roof finishes tells us it was not the perfect solution! But, take a look at a 914 with body color sail panels and one with vinyl - the vinyl one always looks longer and lower. So it did work to some degree.
The turn signal humps allowed for a nice line in profile that doesn't dive awkwardly down to the front bumper. Look at that line some day. It is quite nice as is rises slightly to give the wheel openings some muscle and importance - but just a little. And that damn rear trunk lid is so thin that is scares me to touch it, but does it's job in reinforcing the low and lean appreance from the side and rear views.
That's what I see, anway. And it looks good from my house.