VWoA Chief: Bring Back the Phaeton!
Business Week (BW) reports that VW of America's newly anointed boss Stefan Jacoby wants to resurrect the ill-fated Phaeton luxury sedan. The Phaeton was a hugely expensive machine– both in terms of development costs and its $75k to $95k sticker– positioned against BMW and Mercedes. Customers were lined-up none deep. And yet Jacoby insists dropping the Phaeton was a big mistake– that should be corrected. "A world class luxury sedan that doesn't show the luxury all over the place and that could have the only fuel efficient 12-cylinder diesel engine… that's funky." Get down with it 'bro! anyway, fans of the brand who despair that VW will once again be off chasing moonbeams should note that Jacoby is a consummate corporate player (check the anecdote at the end of the BW post). The Phaeton was VW Chairman (now supervisory board chairman) Ferdinand Piech's pride and joy. File this one under lip service and stand by for those small, well-built, frugal cars you've been wanting since Ozzie Osbourne's lead guitarist buzzed him in an airplane– and crashed into a house.