2006 Cadillac XLR-V Preview

Cadillac's Adaptive Corner Lighting system makes its debut on the new XLR-V. (Photo: General Motors of Canada)

Cadillac is also showing off its new Hydra-Matic 6L80 six-speed rear-mounted automatic gearbox, that has been optimized for smooth gear changes by retarding power between shift increments, plus adding larger stabilizer bars, plus drawing greater attention to a sport-tuned version of its impressive Magnetic Ride Control suspension system. The brand's Adaptive Corner Lighting system, which swivels the xenon HID headlamps up to 15-degrees in order to improve visibility around corners, also makes its debut on this top-tier Cadillac.

GM's flagship division didn't need to do much with the XLR's styling to prepare it for "V" duties, but the addition of new ten-spoke 19-inch alloy rims, black-painted brake calipers and special badging increase the desirability factor, as does a new hood scoop, polished wire-mesh grille and more aggressive stainless steel exhaust tips.

The XLR-V acquires unique stitching on the front buckets and exclusive ebony wood and aluminum accents throughout the cabin. (Photo: General Motors of Canada)

How about on the inside? The XLR's luxurious cabin acquires unique stitching on the front buckets and exclusive ebony wood and aluminum accents on the dash, centre stack and door panels.

Of course, the steroid enhanced XLR still features that wonderfully functional retractable hardtop that makes the base Cadillac roadster such a dream to live with, as well as the ultra-cool push-button actuated electric door releases, ideal for wowing your friends.

So how much will all of this fast-paced luxury cost? When the XLR debuted with a $110,000 window sticker, I criticized GM for being too bold with its pricing. Since this time the price has dropped significantly, with a 2005 XLR now available for $103,400. No doubt, bucking up for Cadillac's XLR-V will set you back a great deal more than the standard XLR, but that in mind it will cost a lot less than a similarly equipped Mercedes-Benz SL55 AMG would, current starting at $173,900. Expect pricing to be somewhere in the $120,000 to $130,000 range, which would slide it into Jaguar XKR territory but still well below its M-B rival.