UPDATE 1-VW saves Porsche H1 profits, sports car sales drop

Newswire

* Porsche to cut 2008/09 costs by far more than 100 mln eur * still plans to build VW voting stake to 75 pct this year * Zuffenhausen plant to stop car output for another 19 days * no forecast given for full fiscal year * started building hedges for Chinese renminbi STUTTGART, Germany, Jan 30 (Reuters) - Porsche SE expects first-half operating profit at its core sports car business to decline sharply but positive effects from its Volkswagen stake will ensure group pretax earnings ...

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