At Geneva Motor Show, Ferrari announced that they unveil a new eight-cylinder model, the F430 CS, at the Frankfurt auto show in the fall and dismissed speculation it would eventually make a smaller, cheaper car. "We will stick to (our intentions) of presenting a new Ferrari model every year after the great success of the 599 (GTB Fiorano)," Chairman Luca Cordero di Montezemolo told reporters.

The new model will be based on the V-8-powered F430, its biggest-selling car. "It is a new model on which there’s been key research on weight reduction, performance obtained from Ferrari’s experience in (Formula 1) competitions, and safety."

Montezemolo also said that Ferrari would never make a smaller, cheaper model. "Ferrari will not make a small Ferrari," he said. "There is no project."

Source: Automotive News

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