We knew it was coming, it was just a matter of when. In March, Volkswagen will end production of the current Phaeton at the Dresden plant. A pet project of former Chairman Ferdinand Piëch, the Phaeton never gained traction in the luxury flagship market for over a decade. Last year, Volkswagen only built 4,000 Phaetons.
Volkswagen will bring back the Phaeton nameplate in 2020 for a fully electric luxury sedan.
As for the Dresden plant where the Phaeton is built, it will be renovated to build an upcoming electric vehicle. Carsten Krebs, a spokesman at the factory tells Bloomberg that the renovation will take about year to complete.