Pursuits
VW Gives Green Light to Bentley for World’s Priciest SUV
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Volkswagen AG gave its ultra-luxury Bentley brand approval to build a sport-utility vehicle, which may cost about 180,000 euros ($237,000), to expand beyond exclusive sedans and coupes.
The new model for the British marque will go on sale in 2016, creating more than 1,000 jobs in the U.K., the VW unit said today in a statement. Bentley plans to spend more than 800 million pounds ($1.23 billion) on developing the SUV and other models, as well as upgrading its headquarters in Crewe, England.