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Volkswagen announces that it will cut investment next year by eight percent, or one billion euros, while it shepherds cash to pay for the diesel emissions issue.


Whatever Volkswagen has done to get to the position of dominance in the European – and indeed the global auto industry, it's clearly been working. But some of its decisions still leave us scratching our heads. The Phaeton is one such four-wheeled decision.


The Volkswagen Group had a whole lot and then more to show off at the Frankfurt Motor Show this year. There were about a dozen vehicles rolled out at the pre-show VW Group evening, and then more once the show opened the following morning. For the Volkswagen brand itself, the new production Up! was the main focus, sharing the stage with the Nils concept, the Beetle R showcar and the Polo rally car. But there was, according to the UK's CAR magazine, to be one more major debut.


2011 Volkswagen Phaeton – Click above for high-res gallery


Ferdinand Karl Piëch, head of the Volkswagen Supervisory Board and grandson of Ferdinand Porsche, knows that nothing lasts forever – especially, life. The VW boss man has his mind on his money while his family has his money on their minds.


2011 Volkswagen Phaeton – Click above for high-res image gallery


2011 Hyundai Equus – Click above for high-res image gallery


2011 Volkswagen Phaeton – Click above for high-res image gallery


You thought the Volkswagen Phaeton went away, did you? Oh no, Volkswagen has continued to fiddle with its range-topper in Europe, which has been snagged by spy photographers while the as-yet-unannounced third-generation was on a late-night photo shoot.


2010 Volkswagen Phaeton Exclusive - Click above for high-res image gallery

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