First seen in prototype form in 1987, the Ferrari 348 entered production in 1989, replacing the immensely successful 328GTB/GTS. Mid-engined like its predecessor, the 348 differed by mounting its four-valves-per-cylinder, quad-cam V8 engine - now enlarged to 3.4 litres - longitudinally, enabling it to be positioned lower in the chassis. Another new departure was the transversely mounted five-speed gearbox - a spin-off from Ferrari's contemporary Formula 1 technology - which enabled weight to be concentrated within the wheelbase, thereby further improving the already brilliant roadholding. Initially typed 'ts' and 'tb' - trasversale berlinetta and trasversale spyder - the 348 reverted to Ferrari's traditional GTB/GTS nomenclature part way through production. With its aerodynamic skirts, spoilers, minimal overhangs and distinctive gill slats feeding air to side-mounted radiators, the stocky 348 looked very much like a scaled-down Testarossa and, with around 300bhp on tap and a top speed of 170mph, gave little away in terms of outright performance to its larger, 12-cylinder sibling. Production ceased in 1994 after 8,745 348s of all types had been built. The Ferrari 348ts we offer was purchased via Maranello Concessionaires on 1st January 1991 by Stuart Flood of Guildford, Surrey. Its service book contains ten stamps dating from 1992 to 2008 plus the most recent by marque specialists DK Engineering in 2011. In addition there are many invoices for work carried out over the last five years and prior to that by Ferrari specialists in the north west of England. Finished in Rosso Corsa with Crema leather interior, the car is offered with current MoT certificate, expiring May 2012, Swansea V5C document and its leather wallet containing the service booklet and instruction manual. Further to this car has a current SORN.