Ferrari is set to give the green light to a new entry level model that will directly take on Aston Martin’s V8 Vantage and should give a massive boost to the Italian company. Powered by a front-mounted 400bhp 4.2-litre V8 driving a rear-mounted transmission, the new model should sell for around £85,000 in coupé form and could lift Ferrari sales from just under 5000 cars per year to as many as 8000. Rumoured to be called Project California, sources in Italy say Ferrari engineers are already working on the new car, which will also come in drophead form. It is the first tangible evidence of a new dawn for Ferrari after its recent split from Maserati.
The California is believed to be based on Maserati’s planned replacement for the Spider and Coupé models. Scooped by Autocar last year (21/28 December), development of these new cars was halted just before control of Maserati was handed over to Alfa Romeo in February.
The proposed ‘baby’ Ferrari is the first concrete sign that Maranello is preparing to break free of its self-imposed production limits and take a risk on exploiting one of the most widely-recognised brands in the world. The California is based on conventional steel monocoque chassis, although it uses a transaxle transmission, located on the back axle. With the engine mounted well back in the nose, the combination gives a near-perfect front/rear weight distribution. This front-mid engine layout (though without the transaxle) is also employed by the California’s closest potential rival, the Aston Martin V8 Vantage. Although engineers have been working on two wheelbases for the new Maseratis, it’s expected that Ferrari will utilise the shorter chassis, which would have underpinned the Spider.