The Fiat group has become a major power in the new car market and is currently undergoing a major restructuring. Reports of the upcoming changes have begun to surface and the most exciting concerns Fiat’s prize asset – Ferrari.

The plan is for Ferrari to get busy and release five new models over the next three years. A new 458 Spider, Ferrari Enzo “special series”, and four other new models are all on the cards. The cars have been announced by Fiat and Chrysler CEO Sergio Marchionne at a press conference yesterday.

The 458 drop-top and an all-new 612 Scaglietti with a V12 engine are scheduled to enter production next year. Currently referred to as the F151, the 612 Scaglietti may also receive a hybrid powertrain.

Marchionne also announced a “new special series Enzo” would join the all-new 599 GTB Fiorano during 2012. This will be followed up with a major overhaul to the California, to create a California M facelift model. Also due for 2013 is a reworked and more powerful 458 Scuderia.

According to Marchionne both Ferrari and Maserati are looking to make each of their models more distinctive, almost creating sub-brands within the two companies. Maserati is expected to release two new models, placed below the GranTurismo, before 2015.