Parallelamente alla serie G in uscita, nell'anno modello 1989 arrivò sul mercato la nuova generazione della 911. La 911 Carrera 4 del tipo 964 consisteva per l'85% in particolari nuovi, ma conservò in gran parte le forme classiche del modello precedente. Era disponibile con carrozzeria Coupé, Targa e Cabriolet.
Despite many similarities in the design, the 964 had much better aerodynamics than the G model. This was helped in particular by the new round front and rear sections as well as an automatically extending rear spoiler.
The 911 Carrera 4 was the first 911 to feature an all-wheel drive system. Its electronically controlled permanent all-wheel drive normally transmitted 31 percent of the drive torque to the front axle and 69 percent to the rear axle. Distribution could be varied according to the relevant driving situation. There was a traction switch on the centre console of the C4. Its 3.6-litre engine produced 250 hp.
As of model year 1990, an identical rear-wheel drive version (first model with Tiptronic) was available in the form of the 911 Carrera 2 and another Turbo version as of model year 1991.