VW's plans to introduce a top of the range luxury sedan were met with a lot of skepticism. But those times are long gone. Now the firm has released the latest generation of the Phaeton.Because it sells so well outside of Germany the new flagship was presented in China. And there is a good reason for that. VW is hoping to profit from the booming Chinese market for cars. Drive it presents the new Phaeton with its numerous technical improvements. The luxury model sells starts at 66 thousand 500 Euros in Germany.