Italian publication Ansa says the agreement, worth 50 million euros ($64 million), would see Ferrari build a dedicated production line for the new engine, rumoured to potentially be a twin-turbo six-cylinder. Interestingly, Ferrari's last production six-cylinder was seen in the 1974 Ferrari Dino 246 and its last twin-turbo engine was used in the 1992 Ferrari F40 supercar.
The report suggests the new Prancing Horse-developed powerplant could see its way into the upcoming production version of the Maserati Kubang SUV concept (thought to be called the 'Cinqueporte'), the baby Quattroporte (linked to a recent trademarking of the 'Levante' name) and the next-generation Quattroporte. There are even suggestions the engine could be taken advantage of by fellow Italian marque Alfa Romeo.
Wherever it ends up, the new motor wouldn’t be expected to reach the production phase before 2014.
Ferrari has been busy pushing its own engine development with its new hybrid-assisted V12 engine, incorporating the brand's HY-KERS energy recovery technology adapted from its Formula One racecars, destined for the highly anticipated Ferrari Enzo replacement.