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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.


Volkswagen might close the opulent factory for the Phaeton in Dresden, Germany, to cut costs. The plant reportedly only builds eight of the luxury sedans a week.


Volkswagen is announcing a big push towards electrification in the future, and headlining the new models is a next-gen EV Phaeton.


The next-generation Volkswagen Phaeton is ready to go, but VW has delayed what would have been the brand's flagship sedan while it figures out how to build the car for less money.


Despite the Volkswagen Phaeton suffering poor sales and losing money, Volkswagen is committed to the idea and wants to build another generation of the luxury sedan. It could cost the company an estimated $737 million to do it, while already having the Audi A8 to fill a similar role.


Volkswagen of America honcho Michael Horn has already promised to bring the slow-selling but excellent Phaeton back to the United States in 2018 or 2019. Beyond the confirmation of the nameplate, though, there's really very little in the way of concrete data on what the next generation of VW's range-topping sedan will look like, be powered by or cost.


Volkswagen knows that its US operations need some help, so it installed Michael Horn as CEO of its American operations a few months ago. In a new interview with Bloomberg, Horn goes into detail about his two-pronged focus for the company – making dealers happier and improving product.


Since its ignominious departure from the US car market in 2006, there have been any number of on-again/off-again rumors about the Volkswagen Phaeton returning to our shores. With that said, VW's aggressive goals in terms of worldwide sales dominance would seem to countenance all manner of new product; taking a second stab at a halo-luxury car for the US, included.


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


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


It sure looks like a fingerpainting to us, but we're told this is a spy photo of a new VW in development. Actually, the full size shots over at Winding Road clearly show a muscular mule that has a lot of Audi DNA in its looks. It's believed to be Volkswagen's Phaeton replacement, only in coupe/cabrio form. The Phaeton never really caught on here, despite the fact that it's a pretty nice ride. This probably had a lot to do with its huge price tag, which, combined with a VW logo on the grille, sca

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