Volkswagen has set out a new strategy to focus on more volume products and boost its return on sales, which will result in the end of production for the Arteon.

The Fastback and Sportback model succeeded the VW CC, offering a higher level of specification and refinement than the Passat with which it shared a platform.

Volkswagen intends to achieve a 6.5% return on sales by 2026, under a performance programme called "Accelerate Forward | Road to 6.5".

Thomas Schäfer, VW chief executive, said: “The program is the number one priority for the entire Board of Management.

"We must build new strength for the Volkswagen brand and position it robustly for future growth, which is why we are now getting an enormous concerted effort off the ground.