The 2016 Volkswagen Passat may have attracted considerable attention from the press, especially since the new iteration from the German automaker looks sportier than before. However, the updated sedan's unveiling failed to rescue Volkswagen's stock in the market.
According to CNET, the 2016 Volkswagen Passat was officially unveiled in New York City on Monday night. The car has gotten tweaks here and there, but the overall design remains true to what its predecessor's rocking on the outside.
The new Passat's modifications include trim lineup and the new R-Line trim package. And though Volkswagen claims that that the "only sheet metal that remains unchanged is the roof, the doors, and the body side stamping," CNET has insisted that this simply means the Passat's sheet metal remains unchanged for the most part.
Priced at $23,260, the 2016 Volkswagen Passat is expected to go on sale this fall, as per Autoblog.
The new R-line package is made extra special with its custom front bumper, black accents and 19-inch aluminum alloy wheels.
The automaker's head of design Klaus Bischoff said, "We applied a progressive design strategy with the new Passat, giving the car a dynamic presence and a more sophisticated look."
The 2016 Passat comes with a 1.8-liter turbo four-cylinder engine and there is also the 2.0-liter turbo diesel and a 3.6-liter V6.
Despite the introduction of Volkswagen's 2016 Passat into the market, the automaker's stock still fell amid news that broke last Friday that the company cheated to pass emission tests in the U.S.
The controversy prompted Martin Winterkorn to issue an apology to its patrons on Sunday in an attempt to spare Volkswagen's reputation.
However, New York Times noted that these did not stop the Volkswagen stock from plummetting on Monday when trading opened in Europe. The stock reportedly fell by more than 20 percent.
Meanwhile, the U.S. market share of Volkswagen which has been stuck at approximately 2 percent is expected to be affected by the controversy as well.
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