Porsche to target Ferrari buyers with new model -paper

Newswire

* Wants to expand beyond planned seven model lines * Wants to offer model costing 250,000-450,000 euros FRANKFURT, Aug 29 (Reuters) - German group Porsche is planning to develop a sportscar that would compete directly with the more exclusive Ferrari brand, its chief executive said. "It always irritated me that the (most expensive) 911 tops out at 250,000 euros ($360,000) and then the 918 continues starting at 750,000 euros," Matthias Mueller told German ...

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