brands, Ferrari is perhaps the most iconic. But don't let rival carmaker Lamborghini know that. The Italian carmaker just released the new 2022 Ferrari Portofino M.

While the past two years have been troublesome for most carmakers due to supply chain bottlenecks, the innovation at Ferrari seems to be unaffected. Here's what you need to know about this newest speed demon from Maranello.

The Ferrari Portofino M is a futuristic, reimagined luxury roadster.

Meet new in the Ferrari Portofino M

While Portofino isn't new, the "M" in its name is. Officially, the M stands for "modificata," Italian for modified. Ferrari has used "M" in the past to designate that a certain model has undergone significant technical upgrades. Such is the case for the new Portofino.

While older Portofinos are impressive vehicles in their own right, the new M has noticeable improvements. For one, horsepower is now 612, up from 591 on the original Portofino. Additionally, the Portofino M has eight speeds versus its 7-speed predecessor.

While the enhanced performance will get most of the attention, Ferrari also altered the transmission programming to provide better fuel efficiency and smoothness for city driving. For everyone's inner speed demon, the new Portofino M also added "race mode" as an option for selectable drive settings.

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Why is the Ferrari Portofino M considered an "entry-level" car?

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The Portofino M is expected to cost $218,750, per

Car and Driver.

Yet, it is still considered an "entry-level" car. It seems odd that such an expensive vehicle would be considered entry-level.

That is because "entry-level" more so pertains to the brand than to the driver. Nearly every luxury carmaker has a vehicle that could be considered entry-level.

These entry-level cars are usually the cheapest option that a specific brand offers. For example, you could say the A4 is the entry-level Audi, or the 3-series is an entry-level BMW.

Excluding novelty toy cars, Portfolio M is the cheapest Ferrari. Therefore, it is considered an entry-level vehicle.

Specs of the Portofino M

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Entry-level or not, the Portofino is still a Ferrari. The specifications of this vehicle are quite impressive. This beast carries a twin-turbo V-8 engine that produces 561 lb.-ft. of torque.

It has impressive acceleration, with a verified 0 to 60 mph time of 3.1 seconds. The Portofino M also has a top speed of 199 mph.

One criticism of the Portofino M is fuel economy. While these high-end sports cars aren't known for their fuel efficiency, the Portofino M ranks lower than the Bentley Continental GT(16/26 mpg city/highway) and Aston Martin DB11(18/24 mpg city/highway).

The Portofino M is slightly behind at 13/23 mpg city/highway.

Of course, one of the things that makes a Ferrari stand out is the interior, and the Portofino doesn't disappoint. It comes standard with red-stitched leather throughout the interior.

The folding hardtop can be retracted in 15 seconds at driving speeds below 25 mph. There is an optional neck-warming feature on the seats, should you plan on doing any top-down driving in chilly weather.

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