Ferrari launches 296 GTS convertible hybrid model

  • The new 296 GTS is a convertible version of the 296 GTB
  • This is Ferrari’s fourth hybrid model
  • Combustion and electric engine capable of 830 HP
  • Top speed over 330 km/h
  • Ferrari’s first SUV is set for release later this year

MILAN, April 19 (Reuters) – Ferrari (RACE.MI) unveiled the new 296 GTS convertible, its fourth plug-in hybrid model, on Tuesday as the luxury sports car maker pushes ahead with its electrification strategy.

It follows Ferrari’s previous three hybrid models that entered full series production – the SF 90 Stradale in 2019, its convertible version, called SF90 Spider, in 2020 and last year’s 296 GTB.

The 296 GTS is a convertible version, equipped with a retractable hardtop, of the existing 296 GTB, a luxury car that sells for around 300,000 euros ($324,000).

Join now for FREE unlimited access to


Both cars share the most relevant features including a mid-rear 6-cylinder (V6) turbo engine mated to a 122 KW electric motor for a total of 830 horsepower and 25 km of quiet electric power alone. Read more

Its top speed exceeds 330 km/h, according to Ferrari.

Deliveries of the new model will begin from Europe in early 2023 and pricing will be confirmed in due course.

Until now, Ferrari road cars have normally been powered by more powerful V8 or V12 engines, but the company is increasingly reducing the share of heavily polluting V12-powered cars in its production.

Another new model is planned for the next few months, the highly anticipated Purosangue (Thoroughbred). It will be Ferrari’s first-ever sports utility vehicle (SUV) and will bring the company into a lucrative segment where direct rivals such as Volkswagen’s Lamborghini (VOWG_p.DE) already have a presence.

“I am confident that (the Purosangue) will exceed our customers’ expectations,” chief executive Benedetto Vigna said last week. Read more

A tech industry veteran, Vigna took over the helm of Ferrari last September, with a mission to usher a brand synonymous with roaring combustion engines into the new era of quieter, cleaner electric mobility.

As part of this, Ferrari has already promised its first all-electric model in 2025, while Vigna has already said the company will seek technology partnerships.

More details on Ferrari’s electrification strategy are expected on June 16, when Vigna will present its first comprehensive business plan.

($1 = 0.9272 euros)

Join now for FREE unlimited access to


Reporting by Giulio Piovaccari Editing by Keith Weir

Our standards: The Thomson Reuters Trust Principles.

Previous Automotive Millimeter Wave Radar Market Size, Scope and Forecast
Next Carorbis aims to become India's No.1 trusted source for auto parts