Volkswagen is set to release a new four-door coupe in ten month’s time with a starting price around the €30,000 mark. Internally codenamed the CC, the new coupe will share most of its mechanicals with the Passat and could make its first appearance at the Detroit Motor Show in January next year.

The entry-level model will feature a 160hp 1.8L TSI motor and a six-speed manual for about €30,000. This will be followed by a 2.0L turbodiesel with latest Common Rail technology that’s good for 140hp and should feature a €32,500 price tag. Topping out the range will be a 300hp V6 FSI version with AWD and a dual-clutch gearbox for €40,000.

To keep costs low, much of the car’s equipment will be available as optional extras including goodies such as a reversing camera, parking sensors and panoramic glass-sunroof, reports AutomobilWoche.

The aggressive pricing strategy is necessary so that the new model isn’t positioned too closely with the Audi A5, which starts at €44,000. VW is also wary of the mistakes it made with the unspectacular Phaeton saloon, pricing the car too far out of reach of most VW buyers.