Fiat has reportedly signed an agreement with Ferrari, which requires the supercar maker to develop new engines for Fiat’s upcoming Maserati, Alfa Romeo and Lancia models. The engine development plan will cost the company EUR 50million.

Ferrari will work towards creating more efficient power plants, with the company set to develop a twin-turbo V6 producing around 450hp as well as a naturally-aspirated V8 that will deliver over 500hp. Interestingly, Ferrari’s last production six-cylinder engine was seen in the 1974 Ferrari Dino 246 and its last twin-turbo engine was used in the 1992 Ferrari F40 supercar.

The forced-induction V6 could be used in a future Alfa Romeo flagship model, the upcoming Maserati Kubang SUV and the next generation Quattroporte. The new engines will be offered as less powerful versions as well to cater for lower-end models. They could go into production by 2014.

The return of the Alfa Romeo 159 is rumored to have been delayed due to the lack of capable engines to put under the hood, which in part explains the investment. Alfa Romeo stopped taking orders in the UK for the 159 on 8 July 2011.

Other European countries followed shortly afterwards. Despite its age, the 159 is still, in my opinion, one of the best looking European marquee. I can’t wait to see its successor.

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