Rumor has it that Ferrari [NYSE:RACE] is planning a new entry level V-8 coupe that will be positioned below the F430 and may carry the Dino nameplate. In a report from Automotive News, the new car is said to feature a folding metal roof and is scheduled to arrive in European showrooms by 2008 and in the United States by 2009.

There are conflicting statements from Ferrari officials surrounding the news of the baby Ferrari. Back in April, Ferrari chairman Luca di Montezemolo stated that there were no plans for any such car. However, we also had Amedo Felisa, Ferrari CEO, admitting that Ferrari did consider such a car but plans have since been scrapped.

There are other rumors, as claimed by both Automotive News and an Italian publication, that Ferrari is developing a new front-engined V-8 powered four-seater.

Pictured above is a 1968 Ferrari Dino 206GT.


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