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Volkswagen mulls new Phaeton for the US market

Volkswagen is giving some serious thought to bringing back the Phaeton sedan to the U.S., Automotive News reports. We haven't seen the Phaeton since 2006, when it was withdrawn from the North American market after lackluster sales. Built at the same factory as the much more expensive Bentley Continental GT and sharing much of the underlying mechanicals, the Volkswagen Phaeton managed to be a slower seller in the U.S.

Volkswagen reportedly set to add two small SUVs to its lineup

Volkswagen plans to add two SUVs positioned below the Tiguan compact model because of booming demand for such vehicles, a newspaper report said. The launch of a subcompact SUV and a smaller model based on the new Up minicar is "certain," German business publication Handelsblatt reported on Monday, citing company sources. A VW spokesman would not confirm the models to the paper, saying only: "SUVs are very interesting.

Bernie Ecclestone's daughter buys pricey house in Los Angeles

After nearly three years, Candy Spelling has finally found a buyer for her Los Angeles mansion (which some would call a castle)--the daughter of Formula One commercial boss Bernie Ecclestone. Petra Ecclestone, 22, will be the new owner of the 57,000-square-foot home in Holmby Hills, according to the Wall Street Journal. Spelling was asking $150 million for the joint, which puts it among the most expensive homes in the country, according to the newspaper.