Or, at least that’s the prevailing opinion. This mule was circling the Fiorano test track, Ferrari’s home base proving ground, doing hot laps.

The car, the existence of which Ferrari adamantly and unequivocally denied for months, is internally designated as the F149, but is thought to be named ether the Dino or GT California when it hits the market. It is expected to be a four seater with a retractable top, and is expected to use a 4.7 liter V-8 shared with certain Maserati models. Indeed, rumor has it that the new Ferrari may actually be assembled by Maserati. Both names are properties of Fiat.

Ferrari is expected to unveil the car at the Paris Auto Show this fall.

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