Real Estate Investors posts record profit levels

Property Week News Feed - Tue, 03/20/2018 - 16:22
Midlands-focussed REIT Real Estate Investors has posted a record level of underlying profit before tax, increasing value to £6.2m with a 19.2% year-on-year rise.
Categories: Property

Fatal self-driving car wreck, 2019 Kia K900 revealed, 2018 Tesla Model 3 driven: What’s New @ The Car Connection

The Car Connection News Feed - Tue, 03/20/2018 - 14:30
Feds to investigate fatal Uber self-driving car crash Both the NTSB and the NHTSA will investigate the fatal crash between a self-driving Uber experimental vehicle and a pedestrian walking a bicycle in Tempe, Arizona. 270,000 Dodge Ram 1500 pickup trucks recalled over wintry market rust concerns Wintry roads covered in snow-melting salt may cause...
Categories: Property

Armadilo acquires self-storage portfolio in North East

Property Week News Feed - Tue, 03/20/2018 - 13:02
Big Yellow’s Armadillo Self Storage has completed the acquisition of a 105,000 sq ft freehold portfolio from 1st Storage Centres.
Categories: Property

German boutique hotel operator secures first UK site

Property Week News Feed - Tue, 03/20/2018 - 12:59
German luxury hotel chain Ruby Group has signed for three new hotel sites including its first in the UK.
Categories: Property

Feds to investigate fatal Uber self-driving car crash

The Car Connection News Feed - Tue, 03/20/2018 - 12:54
Both the NTSB and the NHTSA will investigate the fatal crash between a self-driving Uber experimental vehicle and a pedestrian walking a bicycle in Tempe, Arizona. In a statement, the NHTSA said that it is "in contact with Uber, Volvo, federal, state and local authorities regarding the incident." MORE: The 5 levels of self-driving cars, explained...
Categories: Property

Flexible space to account for half of office occupation by 2021

Property Week News Feed - Tue, 03/20/2018 - 12:34
Close to half of all occupiers (45%) expect to have “significant use” of flexible offices by 2021 according to a new survey covering all Europe, Middle East and Asia (EMEA) occupier intentions.
Categories: Property

Barings brings in Fredriksson as Finnish head of real estate

Property Week News Feed - Tue, 03/20/2018 - 11:07
Barings Real Estate has appointed Jere Fredriksson as its new head of real estate transactions in Finland.
Categories: Property

Aviva to market Soho gem

Property Week News Feed - Tue, 03/20/2018 - 10:30
Aviva Investors’ retail fund has put the Soho headquarters of American software firm Palantir Technologies on the market for just under £120m.
Categories: Property

Urban & Civic gets green light for St Neots extension at 'record' speed

Property Week News Feed - Tue, 03/20/2018 - 10:10
Regeneration specialist Urban & Civic has received planning permission for a 700,000 sq ft extension of its St Neots scheme that will also add a further 2,800 homes to the development just outside Cambridge.
Categories: Property

Harwell Campus signs 34,500 sq ft pre-let to DNA company Oxford Nanopore

Property Week News Feed - Tue, 03/20/2018 - 09:55
Harwell Innovation and Science Campus has signed a 34,500 sq ft pre-let to DNA sequencing technology company Oxford Nanopore Technologies.
Categories: Property

Aviva forward funds Salford scheme

Property Week News Feed - Tue, 03/20/2018 - 08:50
Aviva Investors has agreed to forward fund the development of Two New Bailey Square in Salford for £113m.
Categories: Property

Help-to-Buy boosts Bellway profits as it targets 10,000 homes a year

Property Week News Feed - Tue, 03/20/2018 - 08:18
Housebuilder Bellway has revealed half-year pre-tax profit leapt 16.6% and that it is on track to deliver record sales for the full year, thanks to the government’s Help-to-Buy (HTB) scheme.
Categories: Property

2018 Chrysler 300S V-8 First Test: Last of the Old Guard

Motortrend News Feed - Tue, 03/20/2018 - 08:00

It’s been a long time since we last tested a Chrysler 300S. Last summer, we attended a drive event for the 2018 model, and four years before that, we reviewed the recently refreshed 300. But the last time we actually brought a Chrysler 300S in for testing was all the way back in 2012. Six years later, that’s been fixed.

At first glance, it might not seem like much has changed since our last test. Chrysler has tweaked a few things here and there, but the 300 still looks about the same as it did when Call Me Maybe was climbing the charts. Dig a little deeper, however, and it’s clear that’s not necessarily the case.

For 2015, Chrysler added a new digital instrument cluster, an updated infotainment system, several new safety features, and most important, an eight-speed automatic transmission. As we found in our 2012 test, the outdated five-speed that Chrysler originally used was slow to shift and a poor match for the 300.

Does the new transmission improve performance as much as we thought it would back in 2012? Yes and no.

The 2018 Chrysler 300S we tested was definitely quicker than the 2012 version. It hit 60 mph in 5.3 seconds and ran the quarter mile in 13.8 seconds at 101.3 mph. Both times are 0.3 second quicker than what we recorded six years ago.

In his notes, associate road test editor Erick Ayapana praised the 300’s “strong and linear acceleration.” He also wrote that the “V-8 seems well paired with the gearbox, which is responsive and quick with the shifts.”

Braking performance also improved. Our test car stopped from 60 mph in 109 feet, 7 feet shorter than the 300S did back in 2012. Ayapana praised its “good brake feel, body control, and impressively short stopping distances, no doubt helped by the grippy tires.”

The 300S also impressed testing director Kim Reynolds. After running the big Chrysler through our handling tests, he wrote, “Despite its age (like 1 million years old now) the basic car here is still remarkably entertaining. It does all the right stuff—brakes and turns in adeptly, corners with not too much understeer, and accelerates in a nice, powerful RWD manner.”

Unfortunately for Chrysler, although the 300S is still entertaining to drive, it seems to have lost a step in the handling department. With a time of 27.0 seconds at 0.65 average g, our test car was actually 0.1 second slower through the figure eight than the 2012 version.

We’re not sure exactly why that is, but in his notes, Reynolds wrote, “You do notice that the chassis doesn’t seem as solid as it once did, and steering feedback is lacking. It’s more of a means of correcting oversteer than precisely steering.”

Even if the new transmission didn’t improve handling quite the way we thought it would, the eight-speed still makes the 300S more enjoyable to drive. To us, that’s a win.

Where the 300S really falls short, though, is in the cabin. The seats are comfortable, and the leather feels nice, but most of the other materials feel cheap and flimsy. Even Reynolds, whose testing notes usually focus exclusively on performance and handling, called the interior “hard to avoid” and “astonishingly dated.”

If you choose the luxury-focused 300C instead of the sportier 300S, Chrysler lets you add a leather trim package, which goes a long way toward fixing those issues. It costs a bit more than the $48,760 Chrysler charges for our test car, but it’s probably worth it.

Alternatively, you could double down on the sportiness and load up a Dodge Charger R/T Scat Pack for about the same price. The interior won’t be any nicer, but the R/T Scat Pack’s 485-hp V-8 makes it much quicker.

Heck, for about $50,000, there’s a long list of cars you could buy that are better than the 300S in a lot of ways. They’ll all probably have nicer interiors and get better gas mileage. But good luck finding another large, boxy, rear-wheel-drive V-8 cruiser with the kind of street presence the 300S has.

Cars like the 300S don’t get built anymore. And when it gets redesigned in a few years, there’s a good chance Chrysler won’t build a car like the 300S anymore, either. It will probably be better on paper, but it won’t be the same.

2018 Chrysler 300S BASE PRICE $36,890 PRICE AS TESTED $48,760 VEHICLE LAYOUT Front-engine, RWD, 5-pass, 4-door sedan ENGINE 5.7L/363-hp/394-lb-ft OHV 16-valve V-8 TRANSMISSION 8-speed automatic CURB WEIGHT (F/R DIST) 4,433 lb (53/47%) WHEELBASE 120.2 in LENGTH x WIDTH x HEIGHT 198.6 x 75.0 x 58.7 in 0-60 MPH 5.3 sec QUARTER MILE 13.8 sec @ 101.3 mph BRAKING, 60-0 MPH 109 ft LATERAL ACCELERATION 0.81 g (avg) MT FIGURE EIGHT 27.0 sec @ 0.65 g (avg) EPA CITY/HWY/COMB FUEL ECON 16/25/19 mpg ENERGY CONS, CITY/HWY 211/135 kW-hrs/100 miles CO2 EMISSIONS, COMB 1.02 lb/mile

The post 2018 Chrysler 300S V-8 First Test: Last of the Old Guard appeared first on Motor Trend.

Categories: Property

2019 Mercedes-Benz CLS 450, CLS 53 Review: Mercedes Maintains the Magic

Motortrend News Feed - Tue, 03/20/2018 - 08:00

Sunny Spain, with its winding roads up the serrated Montserrat mountains surrounding Barcelona, was a perfect place to gauge the latest Mercedes-Benz CLS. It’s a chance to sample the four-door coupe’s performance and handling, appreciate the exhaust notes from the new inline-six, and welcome an expanded lineup that now includes the first Mercedes-AMG CLS 53. A short rain shower seemed cued up to showcase the all-wheel-drive system, as well.

It was an opportunity to see if the third-generation CLS can hold court in the segment it created when it showed the first concept at the Frankfurt auto show back in 2003. Despite the apparent contradiction of the idea of a “four-door coupe,” since then, the world has become enamored with the idea of coupelike lines overlaid on sedan structure. The body style has resonated with 375,000 CLS buyers around the world and has spurred competitors to create their own four-door fastbacks. Mercedes even trumped itself at this year’s Geneva auto show, where it unveiled the even sexier Mercedes-AMG GT four-door coupe.

But the German carmaker has not forgotten that the CLS started it all. For the 2019 model year, the CLS family gets a new and cleaner design, new engine portfolio, and hybridization with a new 48-volt system that the automaker sees as a crucial next step in an automotive world that is becoming increasingly electrified.

At launch there are new 3.0-liter inline-six engines: a gasoline and a diesel. The U.S. only gets the gasoline version, which generates 362 hp and 369 lb-ft of torque in the CLS 450 but which also has the EQ Boost mild-hybrid system and 48-volt electrical system.

After launch, Mercedes is adding a 2.0-liter four-cylinder gas engine with a belt-driven starter alternator and 48-volt system—but it is not for the U.S., either. There are no specs yet, but officials say it will produce more than 300 hp.

The CLS 53 ups the performance to 429 hp and 384 lb-ft out of the I-6 by adding a twin-scroll turbocharger and an electric auxiliary compressor that builds boost until the turbocharger kicks in. Voila, no turbo lag. Acceleration is not neck-snapping but it is quick for a two-ton sedan: Mercedes claims it will do 0–60 mph in 4.5 seconds. Smooth, too.

For the CLS 450, Mercedes combines the starter and a generator in an electric motor positioned between the engine and transmission. The extra 22 hp and 184 lb-ft helps ensure power is at the ready and eliminates any lag before the twin-scroll turbocharger kicks in. The electric supercharger in the CLS 53 makes it even quicker off the mark, but again the power delivery is very linear. The other advantage is a seamless start/stop—we never felt the engine turn on or off—and the ability to “sail” when the engine disconnects from the transmission and coasts.

The motor also feeds the 1.0-kW-hr lithium ion battery. The 48-volt system can deliver four times the power of a standard 12-volt system at the same level of current (and hence wiring size). The CLS has an electric water pump and AC compressor.

On the CLS 450, the optional 4Matic all-wheel-drive system features a fixed 31/69 split of power between front and rear, and the CLS 53 has the standard 4Matic+ system to constantly adjust torque to wherever it is needed.

The multilink suspension comes with steel springs with a choice of optional adaptive damping or the air suspension system, which is standard on the 53. Drives modes are what you’ve come to expect—Comfort, Sport, and Sport plus—and although responsiveness improves with sportier settings, the difference is barely perceptible unless you are going quite fast.

The underhood soundtrack in the AMG is full of hits, starting with the satisfying crescendo of a straight-six accelerating and adding a symphony of snorts, pops, and gurgles on the downshifts. That’s music to any driver’s ears.

The nine-speed snicks up and down seamlessly. Smooth best describes the shifting, steering, and braking. The brakes never grab, and they respond as if they are reading the driver’s mind—especially in a groove on a winding road with nonstop twists and switchbacks, all of which the brakes handle with a sublime effortlessness.

Like the S-Class above it, the CLS has a suite of safety and driver-assist technologies to steer, accelerate, and brake as conditions demand. And like the Tesla, it can make a lane change by merely clicking the turn signal.

The ultimate nanny is the Distronic route-based cruise control, which adjusts speed to the legal limit and also reads preprogrammed data about the road ahead to keep you from barreling into a curve or roundabout. The first time you experience the vehicle slowing itself can be disconcerting, especially when you stomp on the accelerator and nothing happens. It is unusual to find a driver-assist features that cannot be overridden by manual actions. In this case the system ignores your frantic foot on the gas pedal. You must first tap the brake to disengage the safety system and allow you to resume control of your speed again. And of course, the feature can be turned off.

Mercedes has played with design since the original C219 slotted between the S-Class and E-Class, changing for the second-generation W218 in 2011. This third generation has a cleaner, simpler, and arguably meaner look—with a shark nose angled down and chrome twin-blade radiator grille that used to be reserved for AMGs with a V-8. Engineers have deemed the new I-6 worthy of the design cue.

For this generation, designers worked to reduce excess lines. The result is a sleeker and more elegant overall look. Gone are the previous generation’s blocky hips over the rear wheels. The front fascia’s flat headlamps have been updated, and there is a splitter in front and functional spoiler in back. The CLS 53 has an air curtain in front and round quad exhaust pipes in back. The license plate has been fitted into the rear bumper, and there is a two-piece rear tailllamp for the first time.

The CLS has a high shoulder line; combine that with a thick A-pillar and the raked windshield, and shorter drivers will battle a noticeable blind spot—making twisting mountain roads more adrenaline-filled than desired. But the high shoulders and narrow greenhouse make for a sumptuous side profile. Engineers claim its drag coefficient of 0.26 is the best in the segment.

The interior is more spacious with a modern luxury feel, and the mood is set with 64 colors of ambient lighting running across the dash and continuing along the door panels. The turbine-finned air vents are now illuminated, as well, and turn red when you turn up the heat and blue when you turn it down.

The 2019 model was designed as a true five-seater, with a bench in the back. But there’s no getting past the fastback roofline, which challenges taller passengers. The only concession is the combination of a wider vehicle and slimmer seats, which provides more legroom. Conversely, the new AMG GT will only be offered as a four-seater in the U.S. (but as a five-seater in Europe; guess Americans gotta lay off the chili cheese fries).

The CLS has a choice of beautiful materials, including optional Nappa leather seats with carbon-fiber trim, and sport seats for the 53. This is Mercedes, after all, so the seats are heated and cooled and offer a choice of massage sensations, from relaxing to stimulating. Turn on the active seat function to apply side bolsters as needed during a spirited ride. The 53 has the AMG performance flat-bottom steering wheel.

For infotainment, the CLS follows other Mercedes offerings with a pair of 12.3-inch screens under a single cover of glass to provide an array of data about the car and your trip.

The 2019 CLS 450 and CLS 53 will go on sale this fall in the U.S. Pricing has not been announced but should start just below $80,000 and stretch up to $100,000.

2019 Mercedes-Benz CLS 450 4Matic/Mercedes-AMG CLS 53 4Matic BASE PRICE $78,000-$100,000 (est) VEHICLE LAYOUT Front-engine, AWD, 5-pass, 4-door sedan ENGINE 3.0L/362-hp/369-lb-ft turbocharged DOHC 24-valve I-6 plus 21-hp/184 lb-ft electric motor, 362 hp/369 lb-ft comb; 3.0L/429-hp/384 lb-ft twin-turbo DOHC 24-valve I-6 plus 21-hp/184 lb-ft electric motor, 429 hp/384 lb-ft comb TRANSMISSION 9-speed automatic CURB WEIGHT 4,200-4,250 lbs (est) WHEELBASE 115.7 in LENGTH X WIDTH X HEIGHT 196.4 x 74.4 x 55.3 in 0-60 MPH 4.5 sec (mfr est) EPA CITY/HWY/COMB FUEL ECON Not yet tested ON SALE IN U.S. Fall 2018

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Categories: Property

Hansteen to return £145m to shareholders as annual NAV nudges up

Property Week News Feed - Tue, 03/20/2018 - 07:45
Hansteen is set to return £145m of capital to shareholders following the sale of its Industrial Multi Property Portfolio (IMPT) last month.
Categories: Property

Hammerson shares soar on potential Klépierre bid

Property Week News Feed - Tue, 03/20/2018 - 07:01
Shares in mid-cap retail property group Hammerson rocketed 24% on Monday following news it had been approached by French shopping centre operator Klépierre earlier this month.
Categories: Property

By the Numbers: Jaguar XF Wagon vs. F-Pace SUV

Motortrend News Feed - Mon, 03/19/2018 - 22:30

Jaguar’s decision to add a crossover to its lineup may have been a little controversial, but it’s hard to argue with the results. The F-Pace S looks fantastic, makes plenty of power, sounds wonderful, and handles more like a car than an SUV. But Jaguar also recently decided to bring the gorgeous XF Sportbrake S to the U.S., setting up an interesting comparison. If you’re looking for a practical Jaguar, should you buy the station wagon or the crossover?


On paper, the Jaguar XF Sportbrake S and the F-Pace S should be pretty evenly matched. Both come with all-wheel drive and get Jaguar’s supercharged 3.0-liter V-6 making 380 hp and 332 lb-ft of torque. But in testing, the XF Sportbrake hit 60 mph in 5.0 seconds, 0.4 second quicker than the F-Pace S. Through the quarter mile, it was the same story. The wagon did it in 13.6 seconds at 101.9 mph, 0.3 second and 2.2 mph quicker than the crossover. We blame the F-Pace’s extra 145 pounds.


Typically, you’d expect the taller, heavier crossover to lose badly here. Our numbers suggest otherwise. On the skidpad, the XF averaged 0.85 g of lateral acceleration, while the F-Pace S averaged 0.86 g. In our figure-eight test, the F-Pace also won, finishing in 25.9 seconds at an average of 0.72 g. The XF, on the other hand, took 26.4 seconds at 0.69 g. Of course, numbers don’t tell the whole story. On the road, the wagon feels flatter and faster through the corners. You just might need stickier tires to make those differences measurable.

Interior Space

Even though the F-Pace S looks a lot larger, it isn’t necessarily more spacious in every dimension. Up front, it offers 43.0 inches of legroom, 37.8 inches of headroom, and 57.7 inches of shoulder room. Rear passengers get 37.2 inches of legroom, 37.5 inches of headroom, and 55.8 inches of shoulder room. The XF Sportbrake’s front seats, on the other hand, offer 1.5 fewer inches of legroom, 1.2 inches more headroom, and 0.6 inch less shoulder room. In the second row, legroom is a draw, and you give up nearly an inch of shoulder room, but you get an extra 1.6 inches of headroom.

Cargo Volume

With the rear seats up, the F-Pace offers 33.5 cubic feet of storage space. Drop the rear seats, and that increases to 63.5 cubic feet. Interestingly, while the XF Sportbrake only has 22.2 cubic feet of storage with its seats up, with the seats down, cargo volume increases to an F-Pace-beating 66.9 cubic feet. But before you declare it a win for the station wagon, it’s worth pointing out that the XF’s cargo opening is shorter. So while two road bikes will (barely) fit in an F-Pace, that’s not the case with the XF Sportbrake.

Fuel Economy

Since the F-Pace is larger and heavier, you wouldn’t expect it to match the XF Sportbrake’s fuel economy rating. On the highway, you’d be right. The EPA rates the XF at 25 mpg highway, 2 mpg better than the F-Pace S. Around town, however, Jaguar’s crossover is pretty evenly matched with its station wagon, with both earning a rating of 18 mpg city. That means owners should expect to only see a significant fuel economy difference if they do a lot of highway driving.


Unfortunately for XF Sportbrake owners, it will take more than a few long road trips to earn back the extra money they spent getting the wagon. That’s because it starts at $71,445 including destination, approximately $10,000 more than the $60,770 it takes to buy a base F-Pace S. Sure, an entry-level XF sedan only costs a few thousand dollars more than a base F-Pace, but the extra engineering required to turn a sedan into a wagon adds cost.

Source: Jaguar

The post By the Numbers: Jaguar XF Wagon vs. F-Pace SUV appeared first on Motor Trend.

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2018 Honda Accord Hybrid Starting Price Dropped to $25,990

Motortrend News Feed - Mon, 03/19/2018 - 21:45

The 2018 Honda Accord Hybrid’s EPA fuel economy estimate may be lower than last year, but so is its base price. Honda announced that the 2018 Accord Hybrid, which goes on sale this week, will start at $25,990 including destination—a drop of $4,490 from last year’s model.

That price gets you a base Accord Hybrid, which comes standard with 17-inch alloy wheels, LED low-beam headlights, dual-zone climate control, hands-free keyless entry with push-button start, a multi-angle rearview camera, and the Honda Sensing suite of active safety features.

For 2018, Honda has increased the number of trim levels available on the Accord Hybrid from three to five. The lineup now includes the base Hybrid, Hybrid EX ($29,780), Hybrid EX-L ($32,330), Hybrid EX-L with navigation ($33,330), and Hybrid Touring ($35,600). Though prices don’t fall as drastically on the EX-L and Touring models, those trims are more than $1,000 cheaper for 2018.

The 2018 Honda Accord Hybrid’s starting price undercuts that of the 2018 Toyota Camry Hybrid by $2,705. The Accord starts $2,985 less than the Chevrolet Malibu hybrid, and is also slightly cheaper (by $275) than the Ford Fusion Hybrid. Hyundai revealed its slightly improved 2018 Sonata Hybrid last month, but has yet to announce pricing. As we previously reported, the 2018 Honda Accord Hybrid is EPA-rated 47/47/47 mpg city/highway/combined—less than the 49/47/48 mpg of last year’s model. That fuel economy estimate is the same across all trim levels, unlike the Camry Hybrid, which gets 44/47/46 mpg in XLE and SE trim and 51/53/52 mpg in LE trim. Despite a slight dip in fuel economy, the Accord Hybrid could be more attractive thanks to its new lower starting price.

The 2018 Honda Accord Hybrid goes on sale this Friday, March 23, at Honda dealerships nationwide.

Source: Honda

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Spied! Next-Gen Porsche 911 Turbo Caught With GT2-Style Exhaust

Motortrend News Feed - Mon, 03/19/2018 - 19:15

Thanks to recently released teaser images that don’t hide much, we already have a pretty good idea how the next-generation Porsche 911 will look. Next-gen 911 Turbo prototypes have also already been caught testing multiple times. So why post more photos of a 911 Turbo prototype? Because there’s something a little different about this one.

At first glance, this car looks pretty much the same as the last one we saw undergoing cold-weather testing. Look a little closer, though, and it’s clear Porsche made a few changes. The front end, for example, now wears what looks like a center-mounted radar array, possibly for adaptive cruise control or other active safety functions. And in place of the last prototype’s conventional wheels, this car rides on center-lockers.

The biggest changes, however, are toward the rear. Even though the wing and the general shape of the bumper look about the same, the air outlets have been modified. And unlike the squared-off quad exhaust found on the previous prototype, this one has a dual exhaust with round tips. There’s a chance the rear vent simply broke during testing, but that exhaust is definitely GT2-inspired.

So is this still the 911 Turbo? Perhaps a Turbo S? Our spy photographer suggested it may actually be a 911 GT3 prototype, but we’re skeptical. After all, it’s only been a month since Porsche said it really didn’t want to turbocharge the GT3. But if it’s actually a GT2, you wouldn’t think Porsche would include driver-assistance features such as adaptive cruise control. Then again, since this is a prototype, Porsche could always be testing features from multiple vehicles.

For now, it will have to remain a mystery. Check out the photos in the gallery below and come to your own conclusions.

Photo source: CarPix

The post Spied! Next-Gen Porsche 911 Turbo Caught With GT2-Style Exhaust appeared first on Motor Trend.

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Five-Seat Volkswagen Atlas Concept to Debut in New York

Motortrend News Feed - Mon, 03/19/2018 - 18:30

Sometimes less is more—especially if you remove a few seats for more passenger and cargo space. Volkswagen is bringing a five-passenger Atlas SUV concept to the 2018 New York auto show. Like its three-row, seven-seat sibling, the two-row SUV will also be assembled in the U.S. and rides on VW’s scalable MQB platform.

“The Atlas has built strong momentum for Volkswagen in the SUV segment, and we are excited to grow our SUV portfolio with this new, Chattanooga-assembled five-passenger SUV,” said Hinrich J. Woebcken, Volkswagen President and CEO, in a statement. “We are not only committed to this market, we are committed to our U.S. manufacturing home in Chattanooga, Tennessee.”

Volkswagen says that it will invest about $340 million to bring its new five-passenger Atlas variant to market. It’s the third Volkswagen model assembled at the company’s Chattanooga factory.

The current Atlas is available with a 2.0-liter turbocharged four-cylinder engine for the base model that delivers 235 hp and 258 lb-ft of torque. The optional 3.6-liter V-6 engine offers 276 hp and 266 lb-ft.

Both engines are paired to an eight-speed automatic transmission. Front-wheel drive is standard, with Volkwagen’s 4Motion all-wheel-drive system available as an option.

The five-passenger Atlas variant will likely offer the same engine options. Volkswagen sold 27,119 seven-passenger Atlas crossovers last year.

The concept will make its official debut at the New York auto show next week.

Source: Volkswagen

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