Straight out of the box is Hornby's R2330: 90029 "Frachtverbindungen" in DB red. Very nicely applied, as is typical of Hornby these days, the only real glitch is the black surround to the lights which is yellow on the prototype.
The angle of the photograph deliberately isn't flattering to the rather clumsy skirt and tension lock arrangement. I think this loco and the Class 86 are the ones I'd most like to see Hornby upgrade....