Volkswagen's new luxury saloon, the Phaeton, is to go on sale on June 16, with an on the road price starting at £42,905.

It will initially be available with two petrol engines, a 3.2-litre V6 and the 6.0-litre W12.

Unveiled at the Geneva Motor Show in 2002, and making its UK debut at the Birmingham Show last year, the Phaeton joins VW's other contender in the luxury class, the Touareg 4x4.

Every Phaeton comes with a high level of specification, including Continuous Damping Control (CDC) air suspension; ESP (Electronic Stabilisation Programme); electric seats; Xenon headlights; draught-free 4Zone climate control; 'infotainment' centre with 7-inch colour display; leather upholstery; rain sensor wipers and a six-disc CD autochanger.

The 3.2-litre V6 engine produces 241 PS, while the 6.0-litre W12 powerplant, which comes with 4MOTION four-wheel drive transmission as standard, has a maximum output of 420 PS.

At the end of this year, a 310 PS 4.2-litre V8 petrol will join the range, along with the 5.0-litre V10 TDI. At the same time a long wheelbase version will become available, while a 3.0-litre V6 TDI will follow later.

The Phaeton 3.2 V6 is priced at £42,905, while the flagship 6.0 W12 4MOTION costs £68,260. Five seats are fitted as standard, while four seater packs, with a range of extra equipment, are optional.

UK customers will benefit from a three-year/60,000 mile warranty and breakdown cover from Volkswagen Assistance for three years or 60,000 miles.

Buyers will be able to purchase a three-year/60,000 mile inclusive servicing package for £500. With this option, all scheduled servicing and maintenance costs are covered.

In addition, all Phaeton owners will receive a one-year membership of concierge service Essentially, that can do anything from booking a weekend away to arranging a table at a restaurant.