The smaller 500 Mondial was replaced by another two-liter car, the 500 TR. The first car to bear the famed Testa Rossa name, the 500 TR differed from the Mondial in many details. Among the most important was a coil spring suspension, a radical departure for Ferrari, as well as a synchronized transmission with a two-disc clutch. The 500 TR continued its predecessors tradition of light weight, coming in at just 680 kg (1500 lb), and this combined with the engine's 180 hp (132 kW) to bring stirring performance to the car.
Ferrari S.p.A. is a sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 as Auto Avio Costruzioni, the company built its first car in 1940, the company's inception as an auto manufacturer is recognized in 1947 when the first Ferrari-badged car was completed.