Ferrari claims the roof mechanism opens and closes in about 14 seconds—and weighs 55 pounds less than the GTB's hardtop, if you're counting.
It has a 661 HP twin-turbo charged V8 that can send you from 0-60 in 3.2 seconds and hit a top speed of 203 mph.
Pricing and ordering information isn't available as of yet, but we're betting this beauty won't come cheap. Look for the Spider to debut at the 2015 Frankfurt Motor Show in September. Head over to Auto Blog for more details and the full press release.