Chevrolet finally confirmed the long-rumored SS sports saloon for 2014 launch. The new high-performance saloon that uses the legendary badge will use the same rear-wheel-drive architecture as the Camaro and the upcoming Holden VF Commodore. So America’s new performance sedan actually uses Australian underpinnings.

It is a good architecture though, and combined with the powerful V8 engine Chevy promises for the car, it can result in a truly great machine with lots of built-in fun. This car will also get a motorsport pedigree even before it’s launched. The SS will be Chevrolet’s next NASCAR Sprint Cup race car and will debut in its race configuration at the 2013 Daytona 500.

Currently the only SS badged car in Chevrolet’s lineup is the Camaro SS. The first time they used this designation for a production car was for 1961 Impala. SS cars usually get modified chassis and suspension, power brakes, a steering column mounted tachometer and unique wheels and tires over the standard models.

“As a passionate race fan and performance enthusiast, I am thrilled that Chevrolet will deliver a true rear-wheel-drive NASCAR racecar in the SS that is closely linked to the performance sedan that will be available for sale,” said Mark Reuss, president of GM North America.  “The Chevrolet SS is a great example of how GM is able to leverage its global product portfolio to deliver a unique performance experience that extends beyond the track. I am personally looking forward to driving it.”