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Automotive news is talking about the new entry-level Ferrari project as if it's a done deal. According to the paper, Ferrari's got a V8-powered, Porsche 911-challenging hardtop convertible (with 2+2 seating) in the works. It'll hit Europe in 2008 and the US the subsequent year. And that's not the only new model in the pipeline, AN says. Another, presumably more expensive 2+2 coupe is under consideration for early next decade, right after a late-decade redesign of the F430. By then, we'd imagine Alfa Romeo will have begun its return to American, Maserati will have launched its next-gen coupes, and all will be right with the Italo-American automotive universe. We'll see.

Related:
Over the Back Fence: Is Porsche Planning a New 928? Ferrari a New Dino? [internal]