Ferrari (NYSE:RACE): Custom Coachbuilder Ares Revives ’80’s Classic 400i

Ferrari (NYSE:RACE): Custom Coachbuilder Ares Revives ’80’s Classic 400i

Ferrari (NYSE:RACE): Custom Coachbuilder Ares Revives ’80’s Classic 400i

$RACE

The Ferrari 400i, 412 and 365 GT 2+2 models were never the sexiest Ferraris, and not many were sold making them very rare today.

That coupled with their design that typifies the 1980’s era, the cars are now highly sought after in the collector car world.

One aficionado, enamored by the 412, contacted Modena-based coachbuilder Ares Design requesting it build a modern version using the GTC4 Lusso as the basis.

The result is a car Ares is calling the Project Pony, and anyone willing to pony up the $872,470 asking price can have 1 build.

The company will keep the running gear of the GTC4 Lusso stock, but the body will be replaced by this retro design made almost entirely from carbon fiber.

Also, Ares will keep the GTC4 Lusso’s 2+2 seating.

Looking at the preview shots, we can see 412-inspired cues such as the angular headlights, vented hood and a boxy greenhouse.

Ferrari 412Ferrari 412

Ares will use the V-12-powered GTC4 Lusso as the donor, Iits 6.3-liter V-12 delivers 680 horsepower and powers all 4 wheels.

Ferrari also builds the GTC4 Lusso T, powered by a 3.9-liter twin-turbocharged V-8 with 610 hp. The GTC4 Lusso T also comes with rear-wheel drive.

Ares plans to build the Project Pony once it is finished with the Lamborghini Huracán-based Panther, which was also inspired by an Italian classic, in this case the De Tomaso Pantera.

Ares says the 1st Project Pony should be ready for delivery by the end of Y 2018.

The 400i is not the only classic Ferrari that Ares wants to revive.

A few weeks ago, the company released teaser sketches for a modern take on the 250 GTO using an 812 Superfast or F12 Berlinetta as the donor. The design is stunning, but Ares is awaiting feedback from potential customers before proceeding.

Ares was founded by former Lotus CEO Dany Bahar and Dubai-based businessman Waleed Al Ghafari with the mission is to offer the highest level of vehicle personalization in the business.

Some of the company’s completed cars include a Bentley Mulsanne Coupe and a retro modeled Chevrolet C2 Corvette.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 118.93 17 October 2018 -2.82 119.48 119.63 117.6 941,200
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.15) Bearish (-0.25) Bearish (-0.25) Neutral (0.06)

 

Stay tuned…

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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