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Edmunds Inside Line is reporting that Audi could launch its new Q5 crossover SUV as a concept model at this year's Frankfurt motor show. According to sources, Audi will convert its Allroad Quattro into a more SUV-like vehicle to directly challenge BMW's X3. But the Q5 — as it will be known — will be built on the same platform as the A4 Avant wagon, not the A6, as is the current Allroad. The Q5 will likely appear in 2007 as a 2008 model.

Audi Firms Up Q5 Sport Ute Plans to Challenge BMW X3 [Edmunds]

Related:
Nissan Sues Audi for Rights to the Letter Q; Spy Photos: Audi Q7 Spotted, Will Get V10; More on Audi s Q5 Crossover [internal]