After months of speculation and repeated denials from officials, Ferrari Automobiles SpA releases the first images and details of its new California grand-touring convertible. Noted as the sports-car maker’s first model to feature a front/mid-mounted V-8, the Ferrari California slots below the current F430 coupe in the bottom rung of the marque’s lineup. Although Ferrari vehemently denies the new car is an entry-level model, the California will be the brand’s least-expensive offering ...

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