Luxury Italian supercar manufacturer Ferrari may have experienced a 60 percent hit to its Q2 earnings, but that hasn’t stopped the Prancing Horse from developing a new car — the Portofino M.

The new model follows on from the Portofino that was released back in 2017, entering its line-up of supercars as the new flagship convertible grand tourer. What was previously a softer Ferrari, suited to more everyday use, has now been upgraded under the brand’s “Modificata” moniker.

Its 3.9-liter V8 engine has been upped from 592 BHP to 612 BHP, and there is also a new eight-speed paddle-shift gearbox in place of the original car’s seven-speed set-up. Livening up the model is the added “Race Mode” switch, which is an interesting move as the Portofino is a far cry from the power-focused models in Ferrari’s line-up, such as the 812 GTS or the hybrid SF90 Stradale.

To help customers distinguish the differences between a Portofino and a Portofino M, Ferrari has made the front bumper more sculpted and muscular, and has added a new exhaust system that has subsequently changed the rear diffuser’s styling. Alongside the announcement of the Portofino M, Ferrari will also be discontinuing the original model — meaning this is now the entry-level Ferrari on offer.

No official price has been stated as of yet, but expect more information to come as we gear closer to the Ferrari Portofino M’s 2021 release.

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