BMW has launched the all-new M4 CSL. The lightweight, high-powered coupe is the company’s latest M offering and it arrives to celebrate 50 years of the performance arm.

The new car is 240 lbs lighter compared to the regular M4 and it also comes with some performance tweaks.

The car uses the 3,0 liter inline-six engine which delivers 550 horsepower, a 40 HP inscrease over the M4 Competition.

The engine resources are sent to the ground via the rear wheels thanks to an eight speed M Steptronic transmission with Drivelogic. BMW says the M4 CSL will hit 60 miles per hour (96 kilometers per hour) in 3.6 seconds. It needs just 10.5 seconds to hit 120 mph (193 kph). BMW electronically limits its top speed to 191 mph (307 kph).