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Mercedes-Benz OKs the CLS wagon

Mercedes-Benz will launch a wagon version of the second-generation CLS sedan as a rival to the recently introduced BMW 5-series GT and the upcoming Audi A7. The new four-door--presaged by the German carmaker's 2008 Concept Fascination two-door shooting brake revealed at that year's Paris motor show--is among a throng of niche-market models under consideration by Mercedes boss Dieter Zetsche. "We're seeking to improve our returns by better utilization of existing platforms," a high-ranking Mercedes source told AutoWeek.

NO SIGN OF SLUMP IN VALUES ACCORDING TO LATEST REPORT

DEMAND continued to keep values relatively firm in the used commercial vehicle market in February, according to leading vehicle auction specialist, British Car Auctions (BCA). Despite volumes rising sharply average values fell by £76 (1.8%) in February while sold volumes increased by nearly 13% over the same period, following a near 50% increase between December and January. Average monthly values have broadly remained between £4,000 and £4,200 since summer 2010.

McLaren P12 hypercar confirmed for Paris debut

McLaren has confirmed its new flagship model, code-named P12, will make its world debut at the Paris motor show, the first time the company has attended an auto show in its recent history. The announcement was accompanied by a teaser image of the car that appears to feature an unusually low scuttle height and a glass canopy. First impressions suggest it may offer some respite from the current crop of rather uneventful-looking supercars.