General Motors’ UK subsidiary, Vauxhall, has announced the arrival of its flagship model, the VXR8.

The new saloon, which is based on the Australian Holden model, is priced at £34,995. It is powered by the same 6.0-litre V8 as the outgoing Monaro VXR, which it replaces, but the engine has been revamped to make it significantly more efficient.

It now develops 420PS and 550Nm of torque, allowing it to accelerate from 0-60mph in a mere 4.9 seconds. The VXR8 will also be the first VXR model to be offered with an automatic gearbox at a cost of £1,400. A manual override ensures optimum control and a sports setting makes sure that performance isn’t compromised.

The model features leather upholstery. Climate, traction and stability controls are fitted, while satellite navigation and 20-inch wheels are offered as optional extras.

The VXR8 should be available in the summer.