By Leftlane Staff
Friday, Apr 28th, 2006 @ 6:01 pm

Ferrari CEO Luca Cordero di Montezemolo told Italy’s Quattroruote magazine that there are absolutely no plans for a new entry-level Ferrari model. Currently, the company’s least expensive model is the $175,000 Ferrari F430. And according to Montezemolo, it’s going to stay that way. He said not inflating production is important to maintaining the exclusivity of a Ferrari. Amedo Felisa, the company’s Deputy Managing Director, made similar comments in Februrary, but shortly thereafter, rumors resurfaced. While we won’t see a cheaper Ferrari in the foreseeable future, another recent rumor could still come to fruition. Earlier this month, the Il Sole 24 Ore financial newspaper said Ferrari might be working on a new 2+2 similar to the 612 Scaglietti, but smaller and with a V8 engine. If these rumors are accurate, we suspect it would be priced around or slightly above the F430 and probably use the same engine.

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