The 850 R was released as a tribute to the 850 Racing cars raced in Britain, Sweden, and Australia. If you notice the R's have the little checkered flag emblem, which is also found on the 1994 850 Estate BTCC.
On the 850 R (I've only seen the yellow ones up close) the checkered flag is on the bootlid right in front of the 850 logo. I have never seen a station wagon up close but I assume it is in the same location on the rear hatch.
On the 1994 850 Estate BTCC the checkered flag is on each side of the vehicle on the lower part of the bumper in front of the wheel well. It is black, white, and red.
I've looked through my pictures to make sure i'm not giving out misleading information. The only pictures I have are of yellow T-5R's and they all have the checkered flag, including one I stumbled upon of a station wagon. From reading information given on various 850 sites (none of which ever mention the checkered flag)1995 was the only year the yellow T5R's were offered. Could this be a very RARE car I passed up a little over a year ago?? If it now I am really pissed!
I kinda figured the checkered flag was only on 95-96 or 95 only since they only raced the 850 to 1996. I almost got one of those yellow 850 T5R's last year, didn't have enough cash for it at the time. Wish I would have somehow gotten a loan, I love that car!!