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We know that Ferrari denied all over again the existence of a SUV in the future, AutoExpress reports that the company is working on a SUV, codenamed F151. A concept version will be unveiled in 2010 and a production version will follow a year later.

The model would open the Ferrari range up to a huge new customer base. Still in its early stages, the project is yet to be given the green light by bosses nervous of tarnishing Ferrari’s legendary brand image.

The future SUV will be offered with a choice of V8 and V12 engines. It will be offered with a four-wheel-drive transmission that will probably be borrowed from another car maker, with Mercedes the hot favorite.

The Ferrari SUV is expected to be priced around £100,000