The Italian based automaker Ferrari is planning to introduce a new entry-level model which should come out before the end of this decade.

With one of its main competitors, McLaren, already working on a so-called P13 model, an entry-level sports car, Ferrari wants a piece of the pie and considering the fact that cheap cars will always sell better than expensive ones, the Maranello based company will develop a new entry-level model. The announcement hasn’t been made official just yet but according to the guys from Automobile Magazine, the vehicle will come out by the end of this decade and it should be called the 456.

Despite its name which is probably announcing a V8, keep your pants on because the model in question is expected to be powered by a 2.9 liter twin turbo V6 engine, which will be developed in Maranello. Despite its small displacement, the unit in question will be producing approximately 500 HP (373 kW) and 596 Nm (440 lb-ft) of torque. Rumors are saying that it might be coming with a manual transmission and get priced from at least 175,000 euros. Besides the new entry-level model, Ferrari will also refresh the FF in 2016 and it will introduce the LaFerrari FXX next year.


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