• 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. Bandit '79
      Bandit '79
      (44 years old)
    2. Ur_pimp
      Ur_pimp
      (27 years old)
  • Similar Content

    • By William Maley
      With Volkswagen buying back a large chunk of the 2.0L TDIs involved the diesel emission scandal, the question arises of where to store them. The answer according to the German automaker is they are storing them at "regional facilities." One of those regional facilities is the parking lot of the Pontiac Silverdome - former home to the Detroit Lions - in Pontiac, MI. However, the vehicles stored there find themselves in a bit of legal trouble.
      The Oakland Press reports that the City of Pontiac has filed a lawsuit against the owners of Silverdome, the Triple Investment Group for numerous violations in zoning, safety, and a municipal code dealing with the storage of vehicles; "a special exemption permit is needed for parking and exterior storage of vehicles." A hearing was planned last week, but was adjourned.
      “Our client is actively engaged and working with the city. We hope to resolve our differences with the city and we believe we are making good progress and working together. We are still waiting on a schedule for (the hearing) but we are hopeful that we will resolve the differences in the meantime and further hearings won’t be necessary,” said J. Patrick Lennon, a partner at Honigman Miller Schwartz and Cohn, the lawfirm representing Triple Investment Group.
      A Volkswagen spokeswoman told Automotive News the company is talking with their “service provider” to see if all of the permits that allow vehicles to be stored at the Silverdome are up to date.
      Source: The Oakland Press, Automotive News (Subscription Required)
      Pic Credit: WXYZ

      View full article
    • By William Maley
      With Volkswagen buying back a large chunk of the 2.0L TDIs involved the diesel emission scandal, the question arises of where to store them. The answer according to the German automaker is they are storing them at "regional facilities." One of those regional facilities is the parking lot of the Pontiac Silverdome - former home to the Detroit Lions - in Pontiac, MI. However, the vehicles stored there find themselves in a bit of legal trouble.
      The Oakland Press reports that the City of Pontiac has filed a lawsuit against the owners of Silverdome, the Triple Investment Group for numerous violations in zoning, safety, and a municipal code dealing with the storage of vehicles; "a special exemption permit is needed for parking and exterior storage of vehicles." A hearing was planned last week, but was adjourned.
      “Our client is actively engaged and working with the city. We hope to resolve our differences with the city and we believe we are making good progress and working together. We are still waiting on a schedule for (the hearing) but we are hopeful that we will resolve the differences in the meantime and further hearings won’t be necessary,” said J. Patrick Lennon, a partner at Honigman Miller Schwartz and Cohn, the lawfirm representing Triple Investment Group.
      A Volkswagen spokeswoman told Automotive News the company is talking with their “service provider” to see if all of the permits that allow vehicles to be stored at the Silverdome are up to date.
      Source: The Oakland Press, Automotive News (Subscription Required)
      Pic Credit: WXYZ
    • By William Maley
      Last week, we reported on comments made by Volkswagen NA CEO Hinrich Woebcken on wanting to expand the number of crossovers in their lineup. It seems there is another crossover possible destined for the U.S.
      According to a source, Volkswagen is planning to launch the T-Roc compact crossover for the U.S. beginning in 2019. First shown as a concept back at the 2014 Geneva Motor Show, the production model will launch this summer in Europe. The decision was made by Volkswagen once dealers in the U.S. gave a firm commitment to the company they would be able to sell enough T-Rocs to make a profit. It also appears this decision was made only last week judging from a comment made by VW brand chief Herbert Diess.
      "It was only yesterday that we decided on an additional SUV for 2019," Diess told reporters when asked about product strategy for the U.S.
      There are still a number of items up in the air, however. For one, Volkswagen needs to decide where it will build the T-Roc. It could import the model from Volkswagen's Portugal plant, build it in Puebla, Mexico, or have it in the same assembly plant as the Atlas in Chattanooga, TN.
      Source: Automotive News (Subscription Required)
      Pic Credit: Newspress

      View full article
  • Recent Status Updates

  • Who's Online (See full list)