Porsche to develop new model - report.

(ADPnews) - Jun 25, 2010 - German carmaker Porsche (ETR:PAH3) plans to launch a new cross-country model, daily Handelsblatt reported, citing sources close to the car maker.

Through the new model range, which will be smaller than the Cayenne sports-utility vehicle, Porsche plans to cover a part of the market which is currently dominated by BMW (ETR:BMW) and Daimler's …