The 2016 Cadillac CTS-V sedan will be arriving in dealerships this summer, with interested buyers now able to pre-order the car which will come with a price tag of $84,990, including destination.

The redesigned Cadillac CTS-V is a performance sedan that comes with the heart of a supercar. Within the vehicle's hood is a supercharged 6.2-liter V8 engine that is capable of 640 horsepower and 630 lb-ft of torque, which is the same motor that powered the Chevrolet Corvette Z06 supercar.

The new engine is a significant upgrade to that used by the previous Cadillac CTS-V, which was only capable of 556 horsepower and 551 lb-ft of torque. The engine of the redesigned Cadillac CTS-V routes all the power to the vehicle's rear wheels through either an eight-speed automatic transmission or a six-speed manual transmission.

The newest version of the Magnetic Ride Control feature can also be seen in the 2016 Cadillac CTS-V, along with several more enhancements. As examples, the standard version of the sedan comes with Brembo brakes, a carbon fiber hood, Michelin Pilot Super Sport tires on 19-inch wheels, a matte carbon fiber trim and microfiber suede accents within the vehicle.

Optional add-ons to the Cadillac CTS-V include 20-way adjustable Recaro seats, a suede cover on the car's shifter and steering wheel and a two-panel panoramic sunroof. Customers can also choose to have the vehicle be outfitted with a luxury package which includes heating systems for the rear seats, climate control options, rear sunshades and split-folding rear setbacks.

The Cadillac CTS-V can also come with the Performance Data Recorder system that is found in the Corvette.

However, how much the add-ons would add to the base price of $84,990 for the Cadillac CTS-V is unknown.

Cadillac, which is the luxury arm of General Motors, confirmed that it will be releasing the 640-horsepower Cadillac CTS-V near the end of last year.

"The new CTS-V is the most compelling example of Cadillac's product substance and brand trajectory. The new CTS-V soars into the stratosphere of the most exhilarating luxury cars," then said Johan de Nysschen, the President of Cadillac.

"The new CTS-V is essentially two cars in one: a luxury sedan with sophisticated road manners and a track-capable sports car with awe-inspiring performance," de Nysschen also said.