According to a recent report, the next-generation Volkswagen Phaeton will be launched in the United States in 2018 as a 2019 model.

According to a recent report, the next-generation Volkswagen Phaeton will be launched in the United States in 2018 as a 2019 model.

Citing company insiders, Automotive News is reporting the car is virtually complete but the company isn't in a rush to replace the current model because it's still enjoying strong sales in China.

While the car is still a ways off, it will reportedly ride on the MLB Evo platform and be offered with a variety of engines. Nothing is official but choices are rumored to include a V6 plug-in hybrid with more than 400 bhp (298 kW), a V8 TDI with approximately 450 bhp (335 kW) and a range-topping W12 engine.

Previous rumors had suggested the Phaeton would move down market to battle higher-end versions of the Chrysler 300 and Ford Taurus but Automotive News is reporting it will carry a hefty price tag of approximately $70,000.

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