Jul 31, 2013 04:58 PM EDT
Audi Prices 560-HP 2014 RS7 at $104,900 (VIDEO)

Audi officially announced that its 2014 Audi RS 7 will be sold for approximately $105,795, including the $895 destination charge.

The new Audi will be the most powerful RS model ever offered in the U.S. according to Audi.

The automaker equipped the new RS 7 with a twin-turbo 4.0-liter TFSI V8 engine capable of producing 560 horsepower.

The engine is linked to an eight-speed Tiptronic automatic transmission.

Audi claims the vehicle has a top track speed of 174 mph and can go 0 to 60 in just 3.7 seconds.

Confirmed specs include RS-specific carbon-fiber inlays, aluminum pedals, and black-faced gauges according to Audi.

Audi's MMI touch with handwriting recognition, and Audi side assist are also standard.

The RS will go against the Mercedes-Benz CLS63 AMG according to Edmunds.

The current CLS63 AMG is sold for $96,805. Mercedes-Benz has yet to reveal the base price for the 2014 CLS63 AMG as of press time.

Expect the new RS 7 goes on sale this fall in the U.S. according to Audi.

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