After previewing it as a concept last year, Volvo’s S60 Polestar sports sedan has been confirmed for production, with the initial run of cars to be sold exclusively on the Australian market.

The production S60 Polestar won’t be quite as extreme as the original 508-horsepower concept, which Volvo will happily build for you should have a spare $300,000 lying around, but with a promised 344 horsepower on tap it should still offer more than enough performance for the average buyer.

This will be the first production model from Polestar, which has more than 17 years of experience in motorsport, and it’s destined to be one of the most potent models to ever wear the Volvo badge.

Power comes from a turbocharged 3.0-liter straight-six engine that’s rated at 344 horsepower and more than 368 pound-feet torque, and this should be good for 0-60 mph acceleration in under 5.0 seconds and a top speed of 155 mph.

The vehicle also shares technology from the Polestar racing cars, like dampers from Öhlins, high capacity brakes, and an extensively developed, highly-tuned chassis.

Key to the development was the extensive work done on the chassis over thousands of test miles in Europe--from the fast autobahns in Germany to the twisty roads of southern Spain, and the freezing cold of northern Sweden.

Deliveries of the Volvo S60 Polestar will commence in Australia this June.

"We have built a car that we, as car enthusiasts, want to drive,” said Polestar managing director Christian Dahl in a statement. ”This is a driver's car, bringing out the very best of the already competent Volvo S60 chassis with our experience and technology from motorsport."

We can't wait to hop behind the wheel.