The news first popped on the Twitter page of InsideLine without revealing the name of the GM insider tipster, the confirmation of the news item is said to be accurate and the CTS-V sportwagon is well on its way to the assembly line. So Cadillac fans are rejoicing with the availability of the CTS from the sporty coupe to a functional wagon.

The most likely target of the Cadillac sport wagon will be Europe where there is a big market for stylish wagons. The CTS-V can help the American brand build a following in Europe and widen their global customer base.

The company re-analyzed the V version of the CTS Sport Wagon since there are not much takers in their North American market. This is also true why other car makers like Audi and BMW did not force the issue with their touring wagons in North America. Benz tried its luck with the E63 AMG but the sales figures is struggling hard and barely making double digits each year. Even American brands like Dodge which push for the Magnum and the variant SRT-8 went flop.

Cadillac is hoping to have a different story for their sport wagon since they will be putting a cheaper tag price compared to their foreign competitions. Some expect the sticker to range between $60K and $65K which will still very competitive to snatch some sales from Mercedes Benz’ Estate Wagon which has $20K more on its bumper.