“We were quite far advanced with the next Phaeton but it became clear it wasn’t enough of a leap forwards. A modern large saloon has to be competitive and have an advantage over the Tesla, which is the benchmark and in many regions dominates the segment. Now, if we go back there, we have to take Tesla seriously, and of course that is what we are doing with our electric strategy.”.......CEO Herbert Diess
Tesla Model S’ success screwed VW’s plans for the new electric Phaeton, CEO admits
Tesla Model S’ success screwed VW’s plans for the new electric Phaeton, CEO admits