Chevrolet has unveiled the 2014 Camaro Z/28 at the New York Auto Show. It features a 7.0-liter LS7 V8 engine that develops at least 500 bhp (373 kW) and 470 lb-ft (637 Nm) of torque.

Chevrolet has unveiled the 2014 Camaro Z/28 at the New York Auto Show.

Designed to be the ultimate track car, the Z/28 features an aerodynamic body kit with a front splitter, flared fenders and extended side skirts. There's also a rear diffuser, a prominent spoiler and underbody paneling. Other highlights include a four-tailpipe exhaust system and 19-inch alloy wheels with Pirelli PZero Trofeo R.

Interior changes are limited, but the model is equipped with Recaro sport seats, a flat-bottom steering wheel, Octane matte trim and a revised rear seat that uses high-density foam instead of a rigid structure.

Under the hood is a 7.0-liter LS7 V8 engine that develops "at least" 500 bhp (373 kW) and 470 lb-ft (637 Nm) of torque. It is connected exclusively to a six-speed Tremec transmission.

While it doesn't have the grunt of the Camaro ZL1, Chevrolet says the Z/28 posts lap times - on an undisclosed track - that are three seconds faster than its bigger brother. In order to achieve this, engineers installed everything from lightweight wheels to thinner rear-window glass. Thanks to these modifications the Z/28 weighs 300 lbs (136 kg) less than the ZL1.

Besides cutting weight, engineers installed Brembo carbon ceramic brakes and a limited-slip differential that has a helical gear set which "enables the driver to apply more power and get through corners faster, by continuously adjusting the torque bias to maximize available traction." There's also a track-tuned suspension with stiffer springs and adjustable spool-valve dampers.

In related news, the rest of the Camaro lineup gets a minor refresh that includes new bumpers, a revised grille and modified head- and taillights.

The 2014 Camaro will arrive at dealerships later this year, while the Z/28 is schedule to go on sale next spring.

Check out the press release for additional information

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