Volkswagen's U.S. CEO has confirmed the planned return of the Phaeton. In an interview with The Detroit News, Stefan Jacoby outlined the German automaker's plans to become a major payer in the U.S. market and to sell 800,000 vehicles annually by 2018.
The plan includes vehicles, many of them entirely new models, to compete in the U.S. market. Included in the list are a new mid-sized sedan, to replace the Passat, and a new compact sedan, to replace the Jetta. Apparently the Polo has still not been green-lighted for the U.S.
Along with an additional crossover, Jacoby did say that VW is looking at a top-level luxury car and even used the Phaeton name. The Phaeton, a massive flop for VW when it sold in the U.S. from 2004 to 2006, was essentially a re-badaged Audi A8 and was priced accordingly.
Jacoby did, however, say that the new Phaeton would be aimed more at the full-sized segment, than the luxury one, hinting that it would be designed to take on cars like the Toyota Avalon.
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Report: Volkswagen to Bring Back the Phaeton to U.S. on AutoGuide.com
Report: Volkswagen to Bring Back the Phaeton to U.S.
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