Ferrari president Luca di Montezemolo surprised both the audience and the Ferrari PR department at the Geneva press conference by announcing Ferrari will reveal their new front-engined V8 GT car (known internally as the F149) at this year’s Paris motor show in October.

Those expecting an entry level Ferrari will be disappointed to hear the new F149 GT car will be priced above the basic F430 (priced at £138,500 here in the UK) when it goes on sale in 2009. Previous reports that this car was to be a new Dino type Ferrari, priced sub £100,000, have proved to be very wide of the mark.

Ferrari are still being cagey with the details but we do know the car will be a brand new design and will feature versatile architecture, which is taken to mean a choice of either 2+2 or 2 seat plus a luggage bench inside the cabin.