MILAN -- Ferrari unveiled the Portofino, its new entry-level model that will replace the California.
The hardtop convertible is powered by a 592 hp, V-8 engine that accelerates from 0 to 62 mph in 3.5 seconds. Its top speed is 198 mph.
The Portofino gets Ferrari’s E-Diff 3 electronic rear differential to improve traction and electric power steering. Its all-new chassis features a significant weight saving over the California T despite an increase in torsional rigidity, Ferrari said in a statement on Wednesday.
The Portofino is named after a picturesque village on the Italian coastline. It will debut at the Frankfurt auto show in September.