Automotive News reports Porsche is set to scale back the company's investment spending. The sports car manufacturer expects to see sales decline between five and 10 percent next year compared to earlier estimates, and the move is aimed to help the company keep its profitability up through 2013. According to Matthias Muller, Porsche brand chief, the cut in spending may delay a project or two, though there's no indication as to which exercises are going to get the back-burner treatment. In addition, Porsche will also cut back production slightly in 2013 to more accurately reflect sales estimates.
Autoblog , Porsche will trim spending and production in 2013, Porsche will trim spending and production in 2013
