The 2014 Chevrolet Camaro Z/28 posted a faster time than the Porsche 911 on the famed Nurburgring in Germany.

In the automotive world, power often means cash, and in the case of the new Chevrolet Camaro Z/28 it means $75,000 if you want the 500-plus horsepower beast in your driveway.

A surprise introduction at last year’s New York Auto Show, the revived nameplate gives Camaro aficionados a high-performance option rivaling the best of America and Europe. In fact, it delivered an impressive time of 7:37.47 in a drizzly mist on Germany’s famous Nurburgring track, beating the numbers for the Porsche 911.

“The Camaro Z/28 is an uncompromising performer that’s bred for the track – and every one of its unique components supports the goal of faster lap times,” said Mark Reuss, president, General Motors North America, in a statement.

“It takes the Z/28 back to its racing roots and adds to the strong lineup of Chevrolet performance cars, including a revamped Camaro SS and supercharged ZL1, as well as the SS sedan, Corvette Stingray convertible and 2015 Corvette Z06, which we’ll introduce at the North American International Auto Show next week.”

The 2014 Chevrolet Camaro Z/28 is the most track capable, factory built Camaro ever produced.

The heart of the new 2014 Camaro Z28, which will go on sale in early 2014, is a 7.0-liter LS7 engine beefed up with such high-performance components as titanium intake valves and connecting rods, CNC-ported aluminum cylinder heads and a forged-steel crankshaft. Put them all together and the track-ready edition gets an SAE-certified rating of 505 horsepower and 481 pound-feet of torque.

A six-speed manual transmission is the only gearbox offered and power is distributed to the rear wheels via a limited-slip differential featuring a helical gear set, rather than traditional clutch packs.

According the maker, the new design enables the driver to apply more power and get through corners faster by making the most of the capability of its individual-wheel antilock brake function during corner entry braking, mid-corner speed and corner-exit traction.

The Z28 is capable of 1.08 g in cornering acceleration, due to chassis revisions meant to hold it hard onto the pavement, and has more stopping power thanks to Brembo carbon-ceramic brakes capable of 1.5 g in deceleration, and consistent brake feel lap after lap.

(Chevy hopes to “wet” appetite for new Camaro Z/28. For more, Click Here.)

All of these changes allowed for that impressive run through ’Ring. Not only did it outpace the 911, but also it was four seconds faster than the Camaro ZL1, while beating published times for both the Porsche 911 Carrera S and the Lamborghini Murcielago LP640.

(Click Here for more details about the renaissance of muscle cars.)

The new Z/28 is offered in five exterior colors – Red Hot, Black, Silver Ice Metallic, Ashen Gray Metallic and Summit White. Only a single option is available: A $1,150 package that adds air conditioning and a total of six audio speakers. The standard Z/28 package includes one speaker.

And as is the case with another classic American sports car – the 2015 Ford Mustang – the rights to the first Camaro Z/28, VIN 0001, will be auctioned at Barrett Jackson Auction in Scottsdale, Ariz. on Jan. 18. Everyone else can simply wait until the end of January and head to their local dealer to place their orders. The first Z/28s should be delivered this Spring.