Vauxhall has released a new version of the Monaro VXR muscle car, powered by the Corvette’s 6-litre V8.

With 404PS of power, the new Monaro VXR is set to be the first ever production Vauxhall to top 180mph, finally overtaking the Lotus Carlton to become the fastest ever Vauxhall.

The latest version of the company’s performance flagship takes over from the original Monaro VXR, which sold out within three months of going on sale earlier this year. The new car takes the VXR brand to even further extremes, with more power and torque than any other production car to wear the Vauxhall badge.

Under the new ventilated bonnet sits the new high-output 6.0-litre LS2 V8 engine, which recently made its debut in the Corvette C6. Power figures are 404PS (up from the last model’s 388PS) and 530Nm of torque (compared to 510Nm). Although performance figures have yet to be officially recorded, it’s expected that the VXR will be able to beat the 177mph record set by the Lotus Carton in 1990. A 0-60 time of around 5.0 seconds is also predicted.

Along with the new engine, virtually the entire drivetrain has been upgraded with revised suspension and bigger brakes.

To help the car breathe more efficiently and keep the engine cool, a pair of ‘nostril’ vents has been added to the bonnet, while the rear now gains quad exhaust tail pipes. New 10-spoke, 19-inch alloy wheels allow onlookers to see the new grooved discs and VXR-branded brake callipers.

Prices have yet to be confirmed, but it’s expected that the new Monaro VXR will cost around £37,000. The first cars will reach customers in March.