Volkswagen unit Bentley will build a sport utility vehicle (SUV), which will go on sale in 2016, according to a news report by Bloomberg News.

The new SUV may cost about $237,000, the world’s most expensive SUV.

The company will invest more than $1.23 billion on developing the SUV and other models, as well as upgrading its headquarters in Crewe, England.

According to the automaker, the vehicle “will be the most luxurious and powerful SUV on the market when it goes on sale.”

Source: Bloomberg News via Detroit Free Press

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