The S60R and V70R had their production launches at the 2003 Sydney motor show.
Pricing for the new S60 and V70 performance flagships has been confirmed, with the six-speed manual and the five-speed Geartronic automatic versions of the sedan set at $98,950, and the wagon priced at $102,950.
Both will go on sale in November and both are powered by 225kW 2.5-litre turbocharged engines, harnessed to electronically controlled all-wheel drive drivelines.