With the demise of Ferrari's popular 360 Modena model, speculation is that the Maranello miracle-workers are developing a - dare we say it? - "entry-level" V8 2+2 model to slot in below the F430.

The 3.6 liter 360 Modena was Ferrari's volume-seller, with nearly 18,000 units produced between 1999 and 2004.

Automotive News and Autoweek say that the new V8 model is expected to debut in Europe as a hard-top convertible 2+2 in 2008, with a U.S. launch likely for 2009. A 2+2 V8 coupe could follow in 2010 or 2011. Ferrari's last 2+2 V8 model was the Mondial, which ceased production in 1999 1993. The Mondial was also Ferrari's last mid-engined four-seater. No word yet on the driveline layout of the new V8 model.

The F430 upmarket V8 isn't going away - the popular coupe and Spyder models will get a redesign in 2009.

[Source: Automotive News]