The Spider 16M is being billed by Ferrari as the fastest convertible ever, the 430 Scuderia has been launched at the Ferrari World Finals; named '16M' in commemoration of the Italian brand's sixteenth such title. The designation of Ferrari's latest road car is a tribute to the Italian marque's constructors' world championship of 2008. This year would also have seen Ferrari secure its 16th drivers' crown, but Felipe Massa was beaten by 1 point by Lewis Hamilton. The car sports a 4.3-liter V-8 engine pumping out some 503 horsepower. Ferrari says the 16M can blast from zero to 62 mph in a blistering 3.7 sec. on to a top speed of 195 mph.

The Scuderia Spider 16M will come in two color schemes: a standard black with gray livery or a tricolor theme. It is expected to cost about $320,000 and only 499 of them will ever be produced.

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