The new Ferrari California T is to be powered by a turbocharged 3.9-litre V8 engine, capable of producing 553bhp.
Representatives from the Italian manufacturer say the T will represent its most "mainstream" vehicle released to date, but details revealed at the Geneva Motor Show suggest there will be no scrimping on performance.
Autoexpress.co.uk says Ferrari's latest release features a folding hardtop for the very first time, while other additions such as revised steering, a new suspension set-up and a three-piece cast exhaust system should give luxury car owners something to think about.
However, it's the performance of the engine that's likely to be the biggest draw.
The California T manages 0-62mph in just 3.6 seconds with a top speed of up to 196mph. The new engine generates its 553bhp at 7,500rpm, which marks a significant increase on the 483bhp at 7,500 rpm achieved with the previous California.
Improvements on the inside include an upgraded infotainment system, boasting Siri-controlled functionality, along with revised "push-button" transmission controls, reports autoevolution.com.
As for the all-important coating, buyers can opt for a classic feel with the dark Rosso California red or the Blue California.
The first right-hand drive versions of the California T will be delivered to the UK in September 2014, with prices expected to start at around £152,154.