They’ve said it before and they’ll probably say it again — there’s no smaller or lower cost Ferrari model in the works. That was the message from Ferrari president Luca di Montezemolo at the Detroit Auto Show.
Over the last two years, Ferrari executives have continually denied rumors about a revived “Dino” or other sub-F430 model, but several media outlets continue to report on the possibility.
Di Montezemolo told Germany’s Auto Motor Und Sport there won’t be a new entry-level model because it would mean a Ferrari with “less technology” — and that’s something the Italian supercar maker won’t stand for.
Mr. Di Montezemolo also talked about the increasing need for improved fuel economy — even at a company like Ferrari. He said his company aims to reduce fuel consumption by 30 to 40 percent between now and 2013. He said while technologies like Bio Fuel will help boost fuel economy, the biggest improvements will come from lightweight technology like carbon fiber and aluminum.
