The all new Ferrari 360 Modena - Photo : Ferrari

Offered as a two-seater sports car, the Ferrari 360 Modena during the next six months replace the highly successful and internationally acclaimed Ferrari F355. However, for the immediate future the F355 Spider will continue in production.

This latest addition to the Ferrari range is expected to account for 65% of Ferrari's annual production of around 3500 cars. The 360 Modena will initially go on sale in some of Ferrari's 42 key markets by Spring 1999. The car will be available throughout the international Ferrari sales network by the Summer.

Many of the technical features and the build processes to create the 360 Modena are unique to Ferrari and this car promises to be one of the fastest and most powerful GT road cars ever to be produced at Maranello.

Luca di Montezemolo, President of Ferrari SpA, said: "In the past six years, Ferrari has launched no less than 10 different models and variants. This is a fantastic achievement and reflects Ferrari's continual efforts to be at the leading edge of technology and engineering design.