FERRARI will sell a new model in Australia later this year – powered by an engine that's a third the size of the Italian marque's famous V12s.
The Abarth 695 Tributo Ferrari is a joint venture between Fiat's performance division and its supercar subsidiary, and the four-cylinder hot-hatch will become Australia's most expensive city car when it arrives in Ferrari dealerships with an anticipated price tag of $80,000.
Even the cheapest Ferrari costs hundreds of thousands of dollars, though the 695 Tributo is a special edition of the Abarth 500 Esseesse that launched into the local market this week.
The Tributo Ferrari's 1.4-litre turbocharged engine produces 132kW of power and 250Nm of torque.
The hot-hatch can accelerate from standstill to 100kmh in seven seconds and reach a top speed of 225kmh.
An electromechanical automated manual gearbox includes Formula One-style paddleshift levers mounted to the steering wheel.
There's also a sportier suspension underneath, 17-inch alloy wheels wrapped in grippy rubber and brakes from Brembo, the same company responsible for the stoppers on Ferrari's F1 racing cars.
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