VW Bullish on North American Phaeton Sales

Few new model introductions have come under as much criticism as Volkswagen's new luxury flagship. The USD$65,215 Phaeton has received rave reviews from the automotive press, but there has been concern from investors and industry analysts over the model's business case. Most critics hardly see the need for Europe's most popular brand to compete with luxury carmakers the likes of BMW, Mercedes-Benz and Lexus.