Earlier this week we reported that Volkswagen was working on a new ‘R’ performance version of its recently revealed 2011 Touareg SUV, and now we have a new computer-generated depicting the car. As you may recall, the previous generation Touareg R50 featured a 5.0-liter V-10 turbodiesel engine with 350 horsepower and a stump-pulling 626 pound-feet of torque on tap.

Its replacement, however, is expected to feature a new hybrid powertrain pairing a twin-turbocharged V-8 engine with an electric motor for a combined output in excess of 500 horsepower.

The twin-turbocharged V-8 is expected to be a variation of a new powertrain being developed for the upcoming Audi S8 sports sedan, and you can bet it will be utilized in other models within the Volkswagen Group.

As for the Volkswagen Touareg R Hybrid, with more than 500 horsepower on tap, it should be able to give the performance SUVs from AMG and BMW’s M Division a run for their money. It could potentially even keep up with its Porsche CayenneTurbo cousin.

In addition to the new hybrid powertrain, expect to see the usual assortment of Volkswagen R upgrades, including an aerodynamic bodykit, stiffer suspension and an uprated brake package. Inside, there should be full Nappa leather and specially engraved door sills.

The new 2012 Volkswagen Touareg R Hybrid is expected to debut at the 2011 Detroit Auto Show next January, with sales to start that following spring.