• Sign in to follow this  
    Followers 0

    Rumorpile: Volkswagen Puts Phaeton Redesign On Backburner


    • The Next Volkswagen Phaeton Is Currently On Hold

    Volkswagen may have put the Phaeton redesign on the back burner to improve profitability.

     

    Bloomberg has learned from sources that the German automaker is looking at ways of lowering the costs of materials and production, despite a new version of the Phaeton is ready to go.

     

    The Phaeton was never a big seller for Volkswagen. However, the model seemed to find a foothold in Asian markets - notably China and South Korea - in 2010 and 2011. But the fallout of the Chinese automaker and the age of the Phaeton has caused sales to drop.

     

    With the possibility of Volkswagen reworking the Phaeton, this could signal a change at the German automaker from the Piech era where profit making seemed to be off the radar, to one that cares about it more.

     

    It is surprising VW is sticking with the Phaeton, said Tim Urquhart, a London-based analyst at market researcher IHS Automotive. “And given the current drive to save costs at VW, it is even more lucky to survive.”

     

    Source: Bloomberg

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    A good decision, they should work on coming up with VWs that sell, like a crossover, or cars regular people buy.  Luxury buyers will just buy an Audi over the Phaeton anyway.

    0

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. caddycruiser
      caddycruiser
      (31 years old)
    2. Keenaq8wwq
      Keenaq8wwq
      (28 years old)
    3. ohsnap
      ohsnap
      (39 years old)
  • Similar Content

    • By William Maley
      One question that we have found ourselves wondering is who blew the whistle on the software cheat Volkswagen was using on their TDI models. A new book says it was someone at Volkswagen of America.
      Automotive News got their hands on Faster, Higher, Farther: The Volkswagen Scandal by New York Times reporter Jack Ewing. In the book, Ewing reveals that the head of VW’s Engineering and Environmental Office in the U.S., Stuart Johnson revealed the existence of the cheat to federal authorities. Johnson was the primary contact for the various regulation agencies in the U.S. and would be one of the people on the front lines when the scandal unfolded.
      In the book, CARB deputy executive director Alberto Ayala named Johnson as the person who revealed the existence of Volkswagen's illegal software. This revelation took place prior to a key meeting between CARB and Volkswagen on August 19, 2015. By revealing this information, Johnson was violating orders given by VW's higher ups. This meeting is mentioned in the federal indictment of Oliver Schmidt, a former VW executive who is facing 11 federal charges dealing with the scandal. Johnson is mentioned in the indictment as “Cooperating Witness 1.”
      The indictment also states the witness “has agreed to cooperate with the government’s investigation in exchange for an agreement that the government will not prosecute CW1 in the United States.”
      Source: Automotive News (Subscription Required)

      View full article
    • By William Maley
      One question that we have found ourselves wondering is who blew the whistle on the software cheat Volkswagen was using on their TDI models. A new book says it was someone at Volkswagen of America.
      Automotive News got their hands on Faster, Higher, Farther: The Volkswagen Scandal by New York Times reporter Jack Ewing. In the book, Ewing reveals that the head of VW’s Engineering and Environmental Office in the U.S., Stuart Johnson revealed the existence of the cheat to federal authorities. Johnson was the primary contact for the various regulation agencies in the U.S. and would be one of the people on the front lines when the scandal unfolded.
      In the book, CARB deputy executive director Alberto Ayala named Johnson as the person who revealed the existence of Volkswagen's illegal software. This revelation took place prior to a key meeting between CARB and Volkswagen on August 19, 2015. By revealing this information, Johnson was violating orders given by VW's higher ups. This meeting is mentioned in the federal indictment of Oliver Schmidt, a former VW executive who is facing 11 federal charges dealing with the scandal. Johnson is mentioned in the indictment as “Cooperating Witness 1.”
      The indictment also states the witness “has agreed to cooperate with the government’s investigation in exchange for an agreement that the government will not prosecute CW1 in the United States.”
      Source: Automotive News (Subscription Required)
    • By William Maley
      If the Volkswagen diesel emission scandal hasn't swayed you from wanting one, then you'll be happy to hear Volkswagen will once again be able to sell brand-new 2015 model year TDI models. Green Car Reports says near 11,000 TDI models will soon be back up for sale once they are updated with new software, making them legal.
      Volkswagen does caution those interested in picking up a new TDI to call their nearest dealership to see if they have any in stock.
      But that's not all. Volkswagen is offering some massive discounts on these models. CarsDirect reports that Volkswagen is offering 0% APR for up to 72 months and $5,000 cash bonus if you decide to buy. Interested in leasing one? Volkswagen will offer a cash bonus of $8,500. 
      There are a couple of caveats to this offer. First, you need to have an excellent credit history to qualify for either offer. Second is that Volkswagen isn't advertising this offer.
      "We will not be advertising the available incentives from our financing arm as they [sic] vehicle availability will vary per dealership," said Volkswagen spokeswoman Jeannine Ginivan.
      Source: Green Car Reports, CarsDirect

      View full article
    • By William Maley
      If the Volkswagen diesel emission scandal hasn't swayed you from wanting one, then you'll be happy to hear Volkswagen will once again be able to sell brand-new 2015 model year TDI models. Green Car Reports says near 11,000 TDI models will soon be back up for sale once they are updated with new software, making them legal.
      Volkswagen does caution those interested in picking up a new TDI to call their nearest dealership to see if they have any in stock.
      But that's not all. Volkswagen is offering some massive discounts on these models. CarsDirect reports that Volkswagen is offering 0% APR for up to 72 months and $5,000 cash bonus if you decide to buy. Interested in leasing one? Volkswagen will offer a cash bonus of $8,500. 
      There are a couple of caveats to this offer. First, you need to have an excellent credit history to qualify for either offer. Second is that Volkswagen isn't advertising this offer.
      "We will not be advertising the available incentives from our financing arm as they [sic] vehicle availability will vary per dealership," said Volkswagen spokeswoman Jeannine Ginivan.
      Source: Green Car Reports, CarsDirect
    • By William Maley
      Last October, Chinese automaker Geely unveiled a new global brand called Lynk & Co. This brand stood out in a few ways,
      Vehicles will be sold online Owners will be able to share their Lynk & Co vehicles to make some money An open application programming interface to develop in-car applications Recently announcing all of their vehicles would come with lifetime warranties The plan was for the brand to launch in China this year, with Europe and U.S. following in late 2018. But a new report from Automotive News says the launch for Europe and U.S. has been pushed back to 2019.
      “We think we will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later,” said Alain Visser, Lynk & Co's senior vice president of marketing and sales.
      The reason for pushback comes down to Lynk & Co needing more time to establish a company-owned dealership network as it is taking slightly longer to find the locations. Visser said the company wants to build up a network of 500 dealers comprising of flagship and temporary pop-up stores. Despite having stores, vehicles will be sold online and delivered to the owner's house or office.
      Visser said plans for the Chinese launch is still on schedule with the 01 crossover launching towards the end of the year.
      Source: Automotive News (Subscription Required)
      Pic Credit: Newspress

      View full article
  • Recent Status Updates

  • Who's Online (See full list)