Volkswagen Phaeton - Expected on Aug 2009

 

Volkswagen's PHAETON will surely make talk about it an elite about it. VW’s goal is to launch high-end cars. This PHAETON is a sedan model which will stand on top in competition to Audi A8, Merc S-Class & BMW 7 series cars.PHAETON is expected to provide relentless standards of safety, comfort and dynamics. This stunner will be available in India as a CBU(complete built unit) .

Volkswagen, Porsche finalise merger deal

Volkswagen will be merging with German sports car maker Porsche by the year 2011. VW will initially shell out 3.3 million euros to a buy a 42% stake in Porsche. The firms' supervisory boards announced that after the tie-up, VW's Chief Executive Martin Winterkorn will be the head of both Porsche and VW. The merger is a major victory for VW, and marks Porsche's failure to buy the former. In the past year, Porsche bought a 51 per cent stake in VW, but fell short of the required 75 per cent for a take over. The merger comes after years of bitter wrangling between the two car companies.

Porsche now becomes the tenth carmaker to come under VW. The others include Audi, Skoda and Seat. VW said that it would maintain Porsche's 'independence' after the merger, and would also preserve its own solid financial base.