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Ferrari has revealed the HC25, a one-off Special Projects roadster commissioned by a single client and unveiled during Ferrari Racing Days at the Circuit of the Americas on May 15, 2026. Designed by the Ferrari Design Studio under Flavio Manzoni, the car is built on the chassis and twin-turbocharged V8 powertrain of the now-discontinued F8 Spider — the last unassisted V8 mid-engined Spider Maranello has built.

Editor's note: Output figures cited follow Ferrari's official European homologation (720 cv at 7,000 rpm, 770 Nm at 3,250 rpm), with U.S.-spec equivalents from Car and Driver (710 hp, 568 lb-ft). Top speed, dimensions and acceleration figures match the donor F8 Spider; production is confirmed at a single unit.

Design — A Dual-Volume Spider Between F80 and 12Cilindri

The HC25 carries the proportions of the F8 Spider — short wheelbase, mid-engine layout, open cabin — but every surface above the floor is new. Ferrari Centro Stile describes the bodywork as a "dual-volume" architecture in which the front and rear of the car are treated as separate sculptural masses, divided by a continuous glossy-black ribbon. The ribbon runs from the front fender into the cabin, drops across the side intakes, wraps under the rear deck and feeds the engine bay.

The ribbon is functional as well as graphic. Within it sit the radiator extraction ducts, side air intakes for the V8 and the door cut-line; the door handles themselves are integrated into a single milled-aluminium bar that interrupts the black band. The body is finished in Matte Moonlight Grey, a bespoke colour developed for this car only.

Visual cues from Ferrari's current flagships are deliberate. The headlight signature with its vertically oriented daytime running light is borrowed from the F80; the surfacing of the rear haunches and the split tail-light architecture reference the 12Cilindri. Ferrari has stated that the car's purpose is to "bridge" the brand's last non-hybrid V8 platform and its current design language.

Ferrari HC25 rear three-quarter view in Matte Moonlight Grey — split tail-light signature, the integrated HC25 lettering on the rear panel, glossy-black engine cover ribbon and exposed black diffuser
The rear quarter: split tail-light architecture, the HC25 nameplate machined into the rear panel and the continuous glossy-black ribbon flowing into the engine bay. Image: Ferrari press / Top Gear

The Dual-Body Black Ribbon Explained

Ferrari describes the central black graphic as a "central technical body" that visually separates the front and rear volumes. From the side, the lower edge of the ribbon traces a wedge that pushes the visual centre of gravity forward, lowering the perceived shoulder line of the car — a stated objective of the design brief. From above, the ribbon resolves into a closed roof segment that contains the rollover structure and the rear glass.

Ferrari HC25 side profile in Matte Moonlight Grey — clean wedge silhouette, dramatic forward-leaning black ribbon, yellow Brembo carbon-ceramic calipers behind diamond-finished five-spoke wheels
Side profile: the wedge stance, the forward-leaning black ribbon and the five-spoke wheels with their diamond-finished outer rim and matte-black centres. The yellow brake calipers reappear inside the cabin as stitching and graphics. Image: Ferrari press / Top Gear
Ferrari HC25 front three-quarter in late afternoon light — vertically oriented daytime running lights inspired by the Ferrari F80, deep front splitter, yellow prancing horse badge and twin air intakes either side of the nose
Front three-quarter: vertical DRL signature inherited from the F80, deep splitter and the integrated black trim piece that bridges the two slim headlight modules. Image: Ferrari press / Top Gear
Ferrari HC25 top-down front view in Matte Moonlight Grey — clean sculpted front clamshell, the windshield wrap-around and the open targa cabin
Plan view: the sculpted front clamshell flows uninterrupted into the wrap-around windshield, with the open targa cabin behind. Image: Ferrari press / Top Gear
Ferrari HC25 top-down rear view — HC25 lettering machined into the rear panel, split tail-light bar, the glossy-black engine bay with the iconic Ferrari intake louvres on the rear deck
Top-down rear: the HC25 nameplate integrated into the rear panel, the split tail-light bar and the Ferrari louvre array on the rear deck — a direct reference to Pininfarina-era Spider styling. Image: Ferrari press / Top Gear

Powertrain — F154 CG Twin-Turbo V8, Unchanged

The HC25 retains the donor F8 Spider's powertrain without modification: a 3,902 cc (3.9 L) Ferrari F154 CG 90-degree V8 with twin turbochargers, mounted in the mid-rear position and driving the rear wheels through a seven-speed dual-clutch transmission. Peak output is 720 cv (710 hp / 530 kW) at 7,000 rpm with 770 Nm (568 lb-ft) of torque at 3,250 rpm — a specific output of 185 hp per litre.

Ferrari quotes 0–100 km/h in 2.9 seconds, 0–200 km/h in 8.2 seconds and a top speed of 340 km/h (211 mph). The chassis is the F8 Spider's aluminium spaceframe, retained with no changes to suspension geometry, magnetorheological damper calibration or electronic systems (E-Diff, F1-Trac, Side Slip Control). The non-hybrid V8 layout — no electric motor, no battery, no torque-fill — is what positions the HC25 as a closing chapter of Ferrari's unassisted mid-engine V8 era.

Interior — Nero Leather, Alcantara, Giallo Stitching

Cabin architecture matches the F8 Spider: the same digital cluster ahead of the driver, the same horizontal dashboard with passenger display, the same manettino on the steering wheel. The bespoke layer sits on top: technical grey fabrics, Nero leather, Alcantara inserts and Giallo (yellow) contrast stitching applied along seat bolsters, dashboard and door cards. The seat backs and bottoms carry the same boomerang motif used by the exterior daytime running lights, picked out in yellow against grey.

Ferrari HC25 interior with driver-side view — flat-bottom steering wheel with the manettino, digital instrument cluster, carbon-fibre paddle shifters, grey technical fabric door card with yellow piping and yellow stitching along the dashboard and centre tunnel
Driver-side view: the F8 Spider cabin architecture is unchanged, but every soft surface is bespoke — Nero leather and Alcantara with Giallo contrast stitching, grey fabric inserts in the door cards and the iconic Ferrari fighter-jet centre tunnel. Image: Ferrari press / Top Gear
Ferrari HC25 interior seat detail — bespoke racing buckets in black leather with grey technical fabric inserts, geometric yellow graphic on the seat bolsters echoing the exterior DRL signature, prancing horse logo embossed on the headrests
Bespoke seats: black leather wraps, grey technical fabric inserts and a geometric yellow graphic on the bolsters that mirrors the car's exterior DRL signature. Image: Ferrari press / Top Gear

Brembo Carbon-Ceramic Brakes

Carbon-ceramic discs by Brembo are retained from the F8 Spider, paired with the same six-piston front and four-piston rear caliper hardware finished in Giallo Modena. The decision to keep the donor car's brake system is consistent with the HC25 brief — preserve the F8 Spider's dynamic envelope intact, change only the body and trim.

Ferrari HC25 front wheel close-up — yellow Brembo carbon-ceramic caliper with red Ferrari script, prancing horse centre cap on the matte-black five-spoke wheel, Michelin Pilot Sport tyre sidewall
Front wheel close-up: Brembo carbon-ceramic caliper in Giallo Modena, prancing horse centre cap and Michelin Pilot Sport rubber. The five-spoke wheel uses a diamond-finished outer rim against matte-black centres. Image: Ferrari press / Top Gear

Specifications

SpecificationFerrari HC25 (2026)
LayoutMid-rear engine, rear-wheel drive
EngineFerrari F154 CG, 3,902 cc twin-turbocharged 90° V8
Max power720 cv (710 hp / 530 kW) @ 7,000 rpm
Max torque770 Nm (568 lb-ft) @ 3,250 rpm
Specific output185 hp per litre
Transmission7-speed dual-clutch (DCT), electronically managed E-Diff
0–100 km/h (0–62 mph)2.9 s
0–200 km/h (0–124 mph)8.2 s
Top speed340 km/h (211 mph)
Length4,758 mm
Width2,006 mm
Height1,183 mm
Wheelbase2,650 mm
Cargo volume200 L
ChassisAluminium spaceframe (F8 Spider donor)
BrakesBrembo carbon-ceramic, six-piston front / four-piston rear
SuspensionDouble wishbone front / multi-link rear, magnetorheological dampers
ElectronicsSide Slip Control, F1-Trac, E-Diff (carried over from F8 Spider)
Exterior colourMatte Moonlight Grey (bespoke)
InteriorNero leather / Alcantara with Giallo stitching
DesignerFlavio Manzoni, Ferrari Centro Stile
Production1 (one-off)
RevealMay 15, 2026, Ferrari Racing Days, Circuit of the Americas
PriceNot disclosed
OwnerNot disclosed

Ferrari HC25 vs F8 Spider — What Is Actually New

Mechanically, the HC25 is the F8 Spider. The engine, gearbox, chassis, suspension geometry, brakes and electronics are carried over without modification. What is new is exclusively cosmetic and dimensional: the bodywork is entirely bespoke, the car is 147 mm longer than the F8 Spider, 27 mm wider and 23 mm lower, the wheels are a unique five-spoke design and the cabin trim is one-of-one. The performance figures are therefore unchanged from the donor car, and Ferrari has made no claim to the contrary.

Significance — The Last Unassisted V8 Spider

Ferrari's series-production V8 mid-engine line has moved on. The current 296 GTB and 296 GTS run a hybridised V6; the SF90 Spider runs a hybridised V8. The F8 Spider, on which the HC25 is based, ended production in 2023 and was the last open-top V8 Ferrari built without electric assistance. Because the HC25 retains the F8 Spider's powertrain unchanged, it effectively extends — by a single unit — the production life of Ferrari's unassisted V8 mid-engine Spider configuration. Ferrari has not disclosed the price, the identity of the client or whether further HC25-derived one-offs are planned.

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