If you thought the $375,000 asking price for the 2012 Lexus LFA was outrageous enough, you would certainly have been gobsmacked by the announcement of the LFA Nurburgring Package, which adds an extra $70,000 to the pricetag.

We will finally get to see what all the fuss is about, with Lexus announcing today that an LFA equipped with the bespoke Nurburgring Package will be on show at next month’s 2011 Geneva Motor Show.

The performance upgrade for the Lexus supercar has been designed to offer additional aerodynamic features and technical revisions that improve handling and downforce without compromising speed and acceleration.

Greater downforce has been gained through revisions and additions to several of the LFA’s carbon fiber components, including a larger front spoiler, side fin-type spoilers and a new fixed rear wing.

Maximum power from the mid-front-mounted 4.8-litre V-10 engine has also been increased by 10 horsepower to more than 562 horsepower and gear shifts in the six-speed sequential transmission have been cut to just 0.15 seconds. Thanks to these changes, the 0-62 mph run in the LFA still takes just 3.7 seconds and top speed of 202mph is also maintained. This is in spite of the extra drag created by the new aerodynamic elements.

Handling modifications include sports tuning of the suspension and mesh-type wheels shod with dedicated high-grip tires.

If they wish, customers will be able to take advantage of individual driving instruction on the legendary Nurburgring from one of the circuit’s chief instructors. They will also receive a one-year driving pass to the track.

The MotorAuthority team will be on hand at next month’s Geneva event to bring you live photos of the new 2012 Lexus LFA Nurburgring Package. In the meantime, keep up to date by following our full coverage here.