This week on Ignition, Carlos Lago of MotorTrend tests the 2014 BMW M5 Competition Package.

The 575 horsepower Competition Package comes with a series of upgrades to the chassis and ride settings. The M engineers have revised the suspension and damping systems, the stabilizer bars have also been more tautly tuned. In the BMW M5 this adjustment has resulted in a lowering of the car by around 10 millimeters.

The M Dynamic mode of the DSC (Dynamic Stability Control) system is even more acutely geared to sporty handling characteristics. The package additionally includes exclusively designed 20-inch M light-alloy wheels style 601M with performance tires. The customers also have the option to choose the 343M 20-inch wheels.

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Is more power and a recalibration of the suspension and steering enough to make this incredible sedan behave? We find out on the test track at Hyundai’s Proving Grounds.

BMW of North America is pricing the BMW M5 Competition Package at $7300.