Italian luxury sportscar maker Ferrari today unveiled the Ferrari Portofino, its new entry level model that will replace the California.

The Portofino, named after a picturesque village on the Italian coastline, will be powered by an eight cylinder GT engine and can reach maximum speeds of over 320 km per hour.

With a maximum power output of 600 cv, it can sprint from 0 to 100 km per hour in 3.5 seconds, Ferrari added.

The convertible model will make its world debut at the Frankfurt auto show in September.

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