Fiat is in the midst of a grand restructuring, and reports are beginning to trickle in. First up is perhaps the most exciting, dealing with product development plans for Fiat's most prized asset: Ferrari.

According to reports, Maranello currently has a total of six new models or model variants in the pipeline for debut over the next couple of years. The first new variant up for release is the 458 Spider, the convertible version of the 458 Italia that replaces the outgoing F430 Spider. But if that's not enough to whet your appetite, plans are also underway on project F151, the replacement for the lackluster 612 Scaglietti, a four-seat grand tourer that is slated to feature the first road-going implementation of the company's KERS hybrid drivetrain.

Following the 458 Spider and the 612 successor, Ferrari will reportedly launch a successor to the Enzo in 2012. Few details are available on that project, but in the same year we're expecting to see a completely new model to replace the 599 GTB Fiorano, code-named F152.

Finally in 2013, Ferrari is anticipated to overhaul the California with a comprehensive update tentatively called the California M, suggesting the difference between the current version and the new one will be similar in scope to the change from the 456 GT to the 456 M and from the 550 Maranello to the 575 MM. Also set for introduction in 2013 will be a hardcore, track-focused version of the 458 to follow in the footsteps of the 360 Challenge Stradale and the outgoing 430 Scuderia.

Ferrari's engineers had better cancel their dinner plans for the next couple of years, because it sure sounds like they've got their hands full.

[Source: Autocar]