Ferrari’s New Portofino Has More Power, 8-Speed Gearbox, And Costs 4% More

Ferrari unveiled its new Portofino M sportscar, a convertible which boasts a 612-hp turbo-charged 3.9 liter V8 motor, and an 8-speed gearbox.

The previous Portofino made do with 592 hp and the new one costs about 4% more than the old one at €206,000 after taxes in Italy or an estimated $245,000 in the U.S.. Deliveries start in the 2^nd quarter of 2021.

According to Ferrari, which launched the car online, the “M” stands for “Modificata”, meaning a car that has undergone an evolution that has significantly boosted performance.

The previous Portofino had a 7-speed gearbox. The new one has five drive choices, on of which is race mode.

The Portofino M is the first open-top Ferrari with an eight-speed transmission. It is the 7^th in a portfolio of 15 models planned for 2018 to 2022.