Porsche to pare development costs by VW synergies

[.Lefteris.]

FRANKFURT, Nov 29 (Reuters) - German carmaker Porsche (PSHG_p.DE: Quote (http://www.reuters.com/stocks/quote?symbol=PSHG_p.DE), Profile (http://www.reuters.com/stocks/companyProfile?symbol=PSHG_p.DE), Research (http://www.reuters.com/stocks/researchReports?symbol=PSHG_p.DE), Stock Buzz (http://reuters.socialpicks.com/stock/r/PSHG_p)) plans to lower its development costs to below 10 percent of sales by sharing research centres with takeover target Volkswagen (VOWG.DE: Quote (http://www.reuters.com/stocks/quote?symbol=VOWG.DE), Profile (http://www.reuters.com/stocks/companyProfile?symbol=VOWG.DE), Research (http://www.reuters.com/stocks/researchReports?symbol=VOWG.DE), Stock Buzz (http://reuters.socialpicks.com/stock/r/VOWG)), a top executive told a magazine.
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