published Tuesday, July 23rd, 2013

VW’s Bentley to make world's most expensive SUV

Volkswagen AG has given its ultra-luxury Bentley brand approval to build a sport-utility vehicle, which may cost $237,000, according to Bloomberg.

The aim is to expand Bentley beyond exclusive sedans and coupes, and the new model is to go on sale in 2016, creating more than 1,000 jobs in the U.K., the VW unit said in a statement.

Bentley said the vehicle will be the most luxurious and powerful SUV on the market when it goes on sale.

Bentley plans to spend more than $1.23 billion on developing the SUV and other models, as well as upgrading its headquarters in Crewe, England.

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