Porsche to pare development costs by VW synergies


FRANKFURT, Nov 29 (Reuters) - German carmaker Porsche plans to lower its development costs to below 10 percent of sales by sharing research centres with takeover target Volkswagen , a top executive told a magazine. Development expenses currently stand at 15 percent of sales, boosted by costs to design its latest model, the Panamera, above Porsche's historical average of 10 percent, management board member Wolfgang Duerheimer told auto motor und sport. He was quoted on Saturday in an ...

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