Something else that further differentiated the F50 from the 288 and F40 was its dual configuration, the bodywork having featured a removeable roof panel that meant owners could convert their car from a Berlinetta to Roadster in moments. Never before had a 200mph Spyder been openly available direct from a manufacturer, the F50 setting a trend that has since continued with the likes of Pagani's Zonda, the Porsche Carrera GT and Lamborghini's recent V12 models. Grand Prix technology began with a monocoque tub manufactured entirely from Cytec Aerospace carbon fibre. The engine was attached as an integral load bearing structure with the tub forming the central compartment. Ferrari's use of composite materials resulted in an extremely rigid set up that was as flex-free with the roof removed in Barchetta trim as it was in Berlinetta configuration. Engine-wise, a 65° V12 engine designated Tipo F130 was used, displacement of which was 4700cc exactly thanks to a bore and stroke of 85 x 69mm respectively. Featuring titanium alloy con-rods, forged aluminium Mahle pistons, five-valve cylinder heads and dry-sump lubrication, output was a phenomenal 520bhp at 8500rpm.

A transparent engine cover was an innovative detail, the meshed tail facia, extended front overhang and covered headlights having been other prominent features. Huge engine cooling scoops were carved from the side portions, these becoming vitally important now the motor was almost fully enclosed by advanced underbody aerodynamics. Wearing unique 18-inch magnesium alloy Speedline wheels, the F50 was officially only available in five colours, Rosso Corsa, Rosso Barchetta, Giallo Fly, Nero and Argento. However, some cars were finished in special order shades and although there were no options as such, customers could decide whether of not they wanted black-finish headlight surrounds. The cockpit was equipped with heavily bolstered composite seats trimmed in Connolly leather, body-colour coded centres having been a no-cost upgrade. Fully adjustable pedals and seats allowed practically everyone to tailor a perfect driving position, F1 thinking having been clearly evident from the combined digital/analogue instrument binnacle and acres of bare carbon fibre. Launched during March 1995 at the Geneva Salon, the F50 was only ever built as a limited edition model, 349 being manufactured by the time production ceased in 1997, all of which were left-hand drive.