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Feast your eyes on Ferrari's all-new F430 replacement! Spied being rolled onto the back of a truck in Italy, these are the first pictures of the Prancing Horse's new entry-level model – the F450.

As you can see, the new model looks very different to the current car with a pair of sweeping side air vents, which have been enlarged to cool the improved engine and brakes.

In a bid to compete with the Lamborghini Gallardo, the new car will get a larger 4.5-litre V8 engine – hence the name – putting out around 500bhp thanks to modified mechanicals including a higher rev limit.

It will also get a new gearbox too, in the shape of the California’s seven-speed double clutch unit. This is likely to modified to suit the mid-engined car’s sportier demeanour.

The F450 may even be the first car to incorporate KERS. Used on Formula One racers, the kinetic energy recovery system turns energy saved from braking into extra power.

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Ferrari F450

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