Audi Sport is busy with updates for the current R8 which is expected to debut before the end of the year.
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The Valhalla name was being saved for an upcoming supercar.
ATS will only offer a dozen examples of the Launch Edition at €740,000 or $850,000 a pop.
Power is still sourced from a 6.3-litre V12 engine that churns out 680 hp (507 kW) and 697 Nm of twist.
The automaker says it will hire over 300 employees to aid in production of the Cross Turismo.
The new X-Class flagship model develops 255 hp (190 kW) and a peak torque of 550 Nm.
If you manage to get an “Edition 1” variant, you will pay an additional R300,000.
The limited-edition gets an upgraded performance-tuned 5.0 litre V8 engine that delivers 478 hp (357 kW).
The car is being described as “a beauty of speed” and a “Ground-to-ground Missile”.
It is never nice to see something like this happen and it is rather dangerous for passersby.