The Ferrari California is a folding hardtop convertible that made its debut at the Paris Motor Show and will make an appearance at the Los Angeles Auto Show in November of 2008. The California has a 7-speed dual clutch transmission, F1-Trac traction control system, and a 0 to 60 time of under 4 seconds. It will retail at around $200,000.

1. Pros: Beauty, power, speed. "The California aims to sate the desires of the ultrarich who crave both open-air and Grand Tourer experiences."
2. Cons: Price. The Ferrari California will run roughly $200,000, though as Car And Driver notes "we're going to go ahead and say it'll be worth whatever they ask."Car and Driver: 2009 Ferrari California... (May 2008)

The Ferrari California takes its name from the late-1950s Ferrari 250 GT Spyder California. The Spyder California was the last of the dual-purpose open-air Ferraris. Only about 100 were made available, and production ended in 1963, making them a sought-after sports car for collectors. HowStuffWorks: Ferrari 250 GT Spyder California racecar

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