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 |  Mar 29 2010, 12:01 AM

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It’s finally here! Almost. Cadillac has just released full details and several enticing photos of a CTS-V Sport Wagon concept that will debut at the New York Auto Show later this week. The production version has also been confirmed with sales beginning later this year in North America. Cadillac will then offer the car in Europe, competing against cars like the RS6 Avant and Mercedes E63 AMG Estate. It will also be offered in the Middle East.

Like the rest of the CTS-V models, this wagon will get the same incredibly powerful supercharged 6.2-liter V8 engine with 556-hp and 551 ft lbs of torque – which we love so much in the sedan (reviewed here).

The V Wagon will join the sedan and coupe models and follow the same pattern, offering a massive front grille, Brembo brakes, 19-inch wheels with Michelin Pilot Sport PS2 tires and Magnetic Ride Control. Oh, and like the rest of the CTS-V models, Caddy has made the decision to offer both a six-speed automatic and a six-speed manual transmission.

Cadillac hasn’t released any performance numbers, but with the Sedan rated at just under four seconds to 60 mph, we expect a tick over that time in wagon form. That’s a small price to pay for the functionality of 25.4 cubic feet of cargo room with a total of 58 cu.-ft. with the rear seats folded flat. That’s of course putting aside the less practical 14/19 mpg (city/highway) rating.

We’ll be sure to bring you plenty of photos of the concept car with live coverage of the 2010 New York Auto Show starting March 31st. We’re eager to get a look at those rear 285s on a wagon and even more eager to drive the beast – especially as Cadillac was able to retain a healthy weight distribution of 52/48 front to rear.

For more info on the Cadillac CTS-V Sport Wagon concept after its North American premiere, click the link below on or after March 31st.

2010 New York Auto Show Coverage

GALLERY: Cadillac CTS-V SportWagon Concept

Cadillac CTS-V SportWagon1.jpgCadillac CTS-V SportWagon2.jpgCadillac CTS-V SportWagon3.jpgCadillac CTS-V SportWagon4.jpg

Official release after the jump:

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 |  Mar 08 2010, 2:06 PM

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Several spy photos that popped up on the net over the weekend have revealed what appears to be a production ready Cadillac CTS-V SportWagon. We shouldn’t be too surprised to see the car (caught during filming of a commercial in downtown LA) as Bob Lutz has confirmed it for production. But after Lutz’ G8 promise, it’s best to see it to believe it.

The wagon is likely to contain no surprises, but is sure to be plenty awesome with Caddy’s 556-hp supercharged 6.2-liter V8 under the hood. It’s also likely to debut at the New York Auto Show, just before Lutz is set to retire.

Still, as cool as it is, we’re not exactly sure this vehicle makes great business sense. Wagons aren’t very popular in North America and Cadillacs aren’t very popular in Europe – where such a high-powered wagon might find a home. That being said, we hope the V version isn’t overly expensive to make as the CTS-V SportWagon might only be popular with internet bloggers like us who don’t have the cash for all that, well, you know…