Okay what’s going on? Just last week, Ferrari chairman, Luca di Montezemolo, said that Ferrari will remain a profitable division at Fiat, and that the Italian auto maker has no need for developing a cheaper and smaller Ferrari.

But now the spies at Brenda Priddy claim they have caught a Ferrari test mule, of what seems to be the Dino based on the body style of the 599. If this is true, the Ferrari Dino 599 is expected to be powered by V8 engine that produces 400 horsepower.

Head over to WorldCarFans for the full spy shots.