Here it is folks, Take a look at the Ferrari Scuderia Spider 16M - the fastest soft top to ever roll out of Maranello.

Based on the F430 Spider, the 16M is will blast from 0-100km/h in 3.7 seconds on its way to a top speed of 315km/h. Hold onto your toupees gents.

The bad news is [...]

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With just 499 examples slated to be built, Ferrari’s limited-edition Scuderia Spider 16M is already super-exclusive - but that hasn’t deterred Fazza tuner Novitec Rosso from devising its own power-up program for the big-dollar supercar.

The centrepiece of Novitec’s tuning package will be a twin-supercharger kit, which should bump up output of the 16M’s 4.3 litre [...]

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Ferrari has angrily refuted reports circulating earlier this week that the Italian marque was planning lay-offs due to declining sales and slow-moving inventory. The Maranello based manufacturer has been quick to respond, insisting it is operating well within sales target parameters and that there are no job cuts on the horizon.

While sales are slower than last year, 2007 [...]

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