The lore is: “I married the 12-cylinder engine and I never divorced it,” once noted Enzo Ferrari.
And despite Enzo’s passing away more than 31 years ago, that love affair at Maranello continues, as evidenced by Monday morning’s debut of the Ferrari 812 GTS at the marque’s test track at Fiorano Modenese, Italy.
The new convertible is the 1st production V-12 Spider to feature a front-engine configuration in 50 years. It is being touted as the most powerful convertible currently in production.
Its predecessor, the acclaimed 1969 365 GTS4, became commonly referred to as the “Daytona Spider” in honor of Ferrari’s sweep of the 1967 24 Hours of Daytona.
“Our connoisseurs look for the connection with tradition and heritage,” says Enrico Galliera, Ferrari’s chief marketing and commercial officer, during the press conference. “And the V-12 is part of the DNA of the company.”
But while the late 60’s sensation was powered by a 352 hp, 4.4-liter Colombo V-12 Daytona coupe, the new open-top model takes its performance and design cues directly from Ferrari’s 812 Superfast.
Under the hood lies a naturally aspirated 6.5-liter V-12 that kicks out 789 hp and 530 ft lbs of torque. That power plant is mated to a 7-speed dual-clutch gearbox enables this GTS to launch from Zero to 60 mph in less than 3.0 secs, hit 124 mph in 8.3 seconds and top out at 211 mph, performance and power-train specifications shared with its sibling.
“Honestly, when we started this  project, it wasn’t planned to make an open version. But working with engineers, we found it was possible to have a good proportion and a good variation of the shape of the 812,” explains Flavio Manzoni, Ferrari’s senior vice president of design. “Actually, the retractable hardtop was probably the most difficult aspect to be solved.”
“The predecessors were cabriolets with soft tops, so the architecture was completely different,” says Mr. Manzoni. “This spider version does not contradict the 812 Superfast, it keeps the fastback effect thanks to the fins and buttresses.”
“This is a new interpretation of the spider,” says Mr. Manzoni. “It’s a coupe and a spider at the same time.”
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Neutral to Bearish, overhead resistance is at 164.62 and support at 159.98 all Key indicators are flashing Neutral to Bullish in here. Ferrari finished at 160.64, -2.37 Monday in NY.
Note: Goldman Sachs upgraded Ferrari to ‘buy‘ from ‘neutral ‘calling the stock’s pullback a good “entry point.” “We upgrade Ferrari from Neutral to Buy, offering 15% upside to our new price targets of 182. Our thesis, outlined in Life of Luxury published last month, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback (-7.5% since July 16) as a good entry point in here.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame.