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Porsche wants to join Ferrari on the starting grid for ultra luxury cars

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Porsche AG will unveil the revamped 88,000-euro ($123,000) 911 sports car today, seeking to stem declining sales of its iconic model and renew the brand’s heritage as maker of two-seat performance vehicles. The Stuttgart, Germany-based company, which now sells more Cayenne sport-utility vehicles and Panamera sedans than Boxster and Cayman…

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