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Mercedes has X6 in its crosshairs with the GLE Coupe

In the last month, Mercedes-Benz has taken the sheet off two versions of its GLE Coupe: the 450 AMG and Mercedes-AMG GLE63 S. The models represent the German brand's shot across the bow at the BMW X6 in the luxury-crossover-four-door-coupe segment, including the high-performance M version of the bodystyle. Not much separates the styling between the two versions. Both feature sweeping arches over the hood and roofline to create their coupe-like appearance. Up front there are huge air intakes with a wide grille on top that's bisected by the brand's traditional star. The AMG version tweaks that look with the division's A-wing grille. At the rear, there are wraparound taillights and a chrome strip. The higher performance version also sports a modified diffuser and air outlets. No matter which one buyers choose, they get a healthy amount of power nestled under the hood. The 450 AMG packs a 3.0-liter, twin-turbo V6 with 362 horsepower and 384 pound-feet of torque with a nine-speed automatic. Opting for the GLE63 means a massive boost with 577 hp and 561 pound-feet from a 5.5-liter twin-turbo V8 routing through a seven-speed auto gearbox. Either way, customers get Merc's 4Matic all-wheel drive system. The luxury crossover coupe segment is often maligned for looking awkward, but Mercedes clearly sees room to grow there. Check them both out live from the 2015 Detroit Auto Show floor in the galleries above.

These are the cars with the best and worst depreciation after 5 years

The average new vehicle sold in America loses nearly half of its initial value after five years of ownership. No surprise there; we all expect that shiny new car to start depreciating as soon as we drive it off the lot. But some vehicles lose value a lot faster than others. According to data provided by iSeeCars.com, trucks and truck-based sport utility vehicles generally hold their value better than other vehicle types, with the Jeep Wrangler — in both four-door Unlimited and standard two-door styles — and Toyota Tacoma sitting at the head of the pack. The Jeep Wrangler Unlimited's average five-year depreciation of 30.9% equals a loss in value of $12,168. That makes Jeep's four-door off-roader the best overall pick for buyers looking to minimize depreciation. The Toyota Tacoma's 32.4% loss in initial value means it loses just $10,496. The smaller dollar amount — the least amount of money lost after five years — indicates that Tacoma buyers pay less than Wrangler Unlimited buyers, on average, when they initially buy the vehicle. The standard two-door Jeep Wrangler is third on the list, depreciating 32.8% after five years and losing $10,824. Click here for a full list of the top 10 vehicles with the least depreciation over five years. On the other side of the depreciation coin, luxury sedans tend to plummet in value at a much faster rate than other vehicle types. The BMW 7 Series leads the losers with a 72.6% drop in value after five years, which equals an alarming $73,686. BMW's slightly smaller 5 Series is next, depreciating 70.1%, or $47,038, over the same period. Number three on the biggest losers list is the Nissan Leaf, the only electric vehicle to appear in the bottom 10. The electric hatchback matches the 5 Series with a 70.1% drop in value, but since it's a much cheaper vehicle, that percentage equals a much smaller $23,470 loss. Click here for a full list of the top 10 vehicles with the most depreciation over five years.

Daimler cutting Mercedes and Smart prices by 18% in Switzerland

Automakers including Daimler and PSA are now offering substantial discounts in Switzerland to make it more affordable for Swiss customers to buy their cars, according to the latest from Bloomberg. The move, instituted by two of Europe's largest automakers, comes in response to the surprise decision last week by the Swiss National Bank to suddenly abandon its longstanding policy of capping trading of the Swiss Franc to 1.20 francs per euro. The policy has sent the value of the franc soaring, making imports into Switzerland less expensive while increasing the value of its exports. The discounts being offered by the automakers could therefore be viewed more as price adjustments to better match the changing currency value rather than an actual incentive. But whichever way you look at it, a new Mercedes or Smart will now cost Swiss buyers 18 percent less than the list price, while Peugeot and Citroen dealers in the Confoederatio Helvetica are chopping 1,000 francs ($1,144) off the price of a new passenger car or 1,500 francs ($1,716) for a new commercial vehicle. Conversely, high-end Swiss watchmakers like Rolex and Patek Philippe are looking at increasing their prices to keep up with the currency fluctuation, particularly in Japan, where the yen has dropped 17 percent against the franc in the past few days. News Source: BloombergImage Credit: Sandro Campardo/Keystone/AP Mercedes-Benz smart Car Buying Citroen Peugeot switzerland