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Volkswagen to Stop Making Top-End Phaeton Sedan in March

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Volkswagen AG will stop making its top-of-the-line Phaeton sedan by the end of March, ending a pet project of former Chairman Ferdinand Piech that failed to establish a presence in luxury cars in more than a decade.

The glass-walled plant in Dresden, Germany, that assembles the Phaeton will be renovated to potentially broaden out the production to other Volkswagen models, with the project taking about a year, Carsten Krebs, a spokesman at the factory, said Wednesday by phone.