Every week we hear Porsche’s plots to bring out a super sports car that would beat Ferrari at their own game. This time, however, it’s the other way around. This time it’s Ferrari launching a model that would cause the 911 a serious headache. It’s an all-new version of the legendary Ferrari Dino with a twin-turbo V6 engine.

Ferrari Dino is one of the most nostalgic models made by the Italian car maker in the 60s in honor of Enzo’s son who died very young. It was produced in 206 and 246 S and GT variants with a shape that is now considered to be one of the most iconic car designs of all time. The new Dino would boast a modern-interpretation of the same looks.

According to Ferrari chairman Sergio Marchionne who spoke to Autocar, reviving the Dino has always been a question of ‘when’ and not ‘if’ for Ferrari, and the time now seems ripe to start working on the project. Mind you, the new Ferrari Dino wouldn’t be here until at least 2018. They are still trying to find place for it in the rather busy lineup Ferrari has these days. It could either replace the California or be produced alongside it as a completely new fifth model.

The powertrain proposed for the new Ferrari Dino is a twin-turbocharged V6 unit ideally located in the middle, sending 500+ horsepower to the rear wheels. The car is pitched as a sharp and agile sports car that would rival the likes of Porsche 911 GT3 RS, and it would have a price tag of around £150,000 or $230,000.