Tag Archives | Phaeton

Volkswagen Cuts Spending, Baulks At Dumping Phaeton. “new Phaeton might be based on the engineering of the already produced new Audi A8, so losses per car should be cut drastically” Beleaguered Volkswagen announced spending cuts of $1.1 billion, said it plans to upgrade its diesel emissions technology and embrace electrification, but fell short of radical […]

Volkswagen Phaeton Mark II Project Shocks Investors. “In third place was the Phaeton, which lost $2.7 billion or $38,000 a car since it was launched in 2002” Just when investors had started to believe Volkswagen had foresworn ego-driven projects in favor of the bottom line, come reports that the ill-fated Phaeton project will be extended. […]