Remember the hotted-up Volvo S60 that's set to take the fight to the BMW M3 with enhancements from Polestar? The Swedish sport sedan we told you about is apparently not nearly as far off as you might think. According to a report from the TTA racing group, Volvo is set to debut its new steroid-enhanced sedan on June 16 at the Gothenburg City Arena race.

According to Polestar Marketing Director Hans Bååth, "The performance concept road-car is a spinoff of our work evaluating and developing the S60 for racing."

Mum's still the word on exactly what lies under the hood of the new Polestar S60. Rumors have suggested either a Yamaha-sourced V8 (a version of the engine that is used in the XC90) or a boosted version of the turbocharged inline-six currently found in the S60. Guess we'll just have to wait until the 16th to find out.

Scroll down to see the Polestar S60 get teased in a video promoting the race in Gothenburg.

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