Revamp of Volkswagen's Phaeton Sedan to be delayed - INAUTONEWS
Volkswagen AG will delay the launch of its new Phaeton model because the carmaker is looking to make better returns on the slow-selling luxury sedan with a lower production and material costs, according to a source familiar with the matter. Even if the less successful model is ready for its makeover production, the German car manufacturer has to pay three times the money on reworking the Phaeton than what it would cost to produce the mid-sized Passat sedan, as the same source has it.... IHS Automotive released that the $101,000 sedan has reached its lowest level in sales in more than a decade, having the top sales at more than 10,000 units sold in 2011. The Phaeton is a project of former Chairman Ferdinand Piech and it does not... Tim Urquhart, market researcher at HIS Automotive talked about the Phaeton , defining it as an answer to a question no one ever asked, and maybe no one asked for a reason – “Who wants a VW limousine. The car, which is also taking on Audi’s A8, began to be produced in 2002 and has seen no changes to its features since. Source: www.inautonews.com
