Ferrari S.p.A.based in Maranello and Modena, Italy, is probably the most famous exotic car manufacturer in the World.. Founded by EnzoFerari in 1929 as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street legal vehicles in 1947 as Ferrari S.p.A. Ferrari's cars are among the most desirable of vehicles to own and drive, and are one of the ultimate status symbols of wealth in the world. Throughout its history, the company has been noted for its continued participation in racing, especially in Formua One, where it has largely enjoyed great success, especially during the 1950s, 1960s, 1970s, late 1990s, and 2000s. Finally, after years of financial struggles, Enzo Ferrari sold the company's sports car division to the Fiat group in 1969 in order to help ensure continued financial backing for the foreseeable future. Enzo Ferrari himself retained control of the racing division until his death in 1988 at the age of 90.
The Ferrari 400 and Ferrari 412 are front-engined 2+2 coupé cars and were available with the 5-speed all synchromesh or an optional 3-speed automatic transmission unit from General Motors. Their design was derived from the almost identical looking 365 GT4 2+2 version of the famous Daytona. Production began in 1976, when Ferrari revealed its first car fitted with an automatic transmission - the 400 - at the Paris Motorshow of 1976. With the improved 412 introduced in 1985 it was phased out in 1989. Today, its sleek, Pininfarina-designed lines and relatively limited production numbers give it potential as a future classic. The engine, based on the Daytona's 4.4 L, was a 4.8 L producing 340 HP, front mounted and driving the rear wheels, the traditional GT car layout allowed Ferrari to fit four seats into the stylish coupé.
A limited number of 400i Convertibles were produced by the Straman company at customer order. This rare Manual Gearbox example is even morer rare in convertible configuration. This very nice example has covered just 54,000 miles from new and has been well taken cared of its entire life- never left outside, or driven in inclement weather. Recently completely serviced, this car is ready for anything one wishes to do with it. The TRX's are in great condition, and are good for quite some time. The car runs very strong, handles well, and sounds like a Ferrari should. Everything works including the clock. The car has all its factory tools, books, some small spares, and lots of records.
As one of the latest Enzo Era Ferraris these have just started to take off value wise. 90% of these cars were fitted with an Automatic, and very few Convertibles were produced- this is a very rare car that will only continue to climb in value.