Porsche to Expand Cost Saving Synergies with VW
In an earlier story today, Porsche announced production preparation for the Panamera model "running at high speed" at their Leipzig plant. Much like the Porsche Cayenne/VW Touareg/Audi Q7 cooperation, Porsche (now the largest shareholder of VW) plans to continue consolidating its engineering efforts across future VW/Porsche models with the Panamera as the latest example. Porsche CEO Wendelin Wiedeking, stated the highest priority included the co-development of electronics which will make up 35 % of material costs in the future. Separately, German Minister of Transport Wolfgang Tiefensee also emphasized the importance of Porsche as a sports car maker to reduce fuel consumption with a gasoline-electric hybrid drive unit in the Cayenne and Panamera.