[Source: Ferrari press release] 

Two of these innovations are world firsts for production cars: the electronic differential (E-Diff) and the steering wheel-mounted switch (better known to the Formula 1 Scuderia’s drivers as "manettino"), which manages the integrated systems governing vehicle dynamics.

The other main characteristics of the new F430 are its light, compact 4,300 cc 90° V8 engine, which punches out 490 hp to achieve a specific output of 114 hp/litre, also providing the new Ferrari berlinetta with a weight-to-power ratio of 2.8 kg/hp (dry weight); a braking system with carbon-ceramic discs for optimal efficiency under extreme use (optional); a Formula 1-derived gearbox that cuts gear shifting times down to 150 milliseconds allowing the driver to make the very most of this truly high performance car (0-62 mph acceleration in 4 seconds flat, a top speed in excess of 196 mph) and an aerodynamic design that embodies the very latest competition technologies, specifically the flat underbody and large rear diffuser to increase downforce.

The car will be officially presented during the Paris Motor show in September 2004.