DETROIT -- Volkswagen AG says its new Mercedes- and BMW-fighting flagship sedan, until now simply called “Concept D” or “D1,” will be named Phaeton. The Phaeton goes on sale in spring 2002. The name is derived from Greek origin and is prominent in that country’s mythology; Phaeton, son of the sun god Helios, drove the sun carriage, VW says. Outgoing VW Chairman Ferdinand Piech presented the first Phaeton to German Chancellor Gerhard Schroder this week. Schroder will use the Phaeton, ...

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