VW Considering Shutting Down Phaeton Plant

VW Considering Shutting Down Phaeton Plant

Volkswagen is looking into shutting down its Phaeton plant in Dresden as it seeks to reduce costs.

The plant is known for its architecture and the German automaker calls it “Glaeserne Manufaktur,” German for transparent factory. According to a recent report, the plant builds just eight Pheatons a week and new Volkswagen CEO Matthias Mueller wants to close the factory next year, moving Phaeton production to another plant that builds similar Audi and Porsche models.

The company’s supervisory board will discuss the future of the factory on Friday as part of Volkswagen’s next spending and investment program. If the plant does shut down, expect Volkswagen to transfers its 500 employees to other plants in Germany.

The next-generation Phaeton is due to arrive showrooms around 2019-2020 and will be offered exclusively as an electric vehicle.

SEE ALSO: Volkswagen Acknowledges V6 Diesel Engine Also Cheated

The Dresden plant was opened in 2002 as a futuristic production showpiece and is highly regarded as an architectural gem. It is often used as a backdrop for events, ceremonies, concerts and operas.

Volkswagen hasn’t confirmed or denied the report, but did say that “various scenarios” are under consideration for the plant and it could still be part of the plan for the next-generation Phaeton.

[Source: Automotive News]

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  • Rickers

    Phaeton. Zzzzz. Wake me when you have a story someone cares about.

  • craigcole

    Beautiful in concept, VW’s glasshouse never made any financial sense … AT ALL.

  • thedad

    What a disaster, VW is going to need a bailout before this is over, or maybe they can merge with FCA.