Volkswagen is delaying the introduction of the new Phaeton as the automaker seeks to improve returns on the slow-selling, upscale sedan by lowering production and material costs, people familiar with the matter said. Even though a new version of one of VW's least successful models is ready for production, the automaker is again reworking the Phaeton, which costs more than three times the mid-size Passat sedan, said the people, who asked to not be identified because the discussions are private.
VW did not on its plans for the model.
Read Article