Mercedes-Benz’s secret plans for a front-engined sports car positioned beneath the SLS have progressed to a decisive phase, according to officials from the German maker. They’ve confirmed to Autocar that the new V8-powered two-seater has been granted an official codename — traditionally the first step towards intensive development and a production future. The new sports car is scheduled for launch in 2014 and has a projected price of £75,000. The evocatively styled two-door has been conceived in a joint exercise between Mercedes-Benz’s regular passenger car department and its performance car division, AMG. Source:Autocar.co.uk