Volkswagen to Stop Selling Phaeton in U.S. in 2006
Volkswagen AG, Europe's biggest carmaker, will stop selling the $66,700 Phaeton sedan in the U.S. next year after failing to compete with luxury models from BMW and DaimlerChrysler AG's Mercedes-Benz. Volkswagen will pull the Phaeton out of the world's largest market, where it never met sales targets, by September 2006, said Hans-Gerd Bode, a spokesman at the Wolfsburg, Germany-based automaker. The model's 10-month U.S. sales totaled 686 cars. The goal was to sell 10,000 Phaetons a year in the U.S. by 2004. ''They are simply not willing to spend additional money on this car in the U.S.,'' said Patrick Juchemich, an analyst with Sal Oppenheim in Frankfurt who has a ``buy'' recommendation on...[Car Reviews] [Concept Car] [Auto News]
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