Along the lines of the earlier Targa top, this open version of the F355 had a hard top that could be stowed away behind the seats. The F355 GTS featured a stress-bearing semi-monocoque steel chassis with variable-section, tubular front and rear sub-frames and electronically controlled suspension. The V8 engine produced a specific power of 109 bhp per litre and, mated to a close-ratio 6-speed gearbox, ensured performance.

The F355 GTS was a masterful piece of engineering as its 109 hp/litre specific power output attests. The latter value and its impressive torque were achieved by adopting a new five-valve cylinder head. The car’s 3496 cc engine punched out 380 hp. Its blistering performance figures were the result of aerodynamic honing that focused specifically on the underbody. The mid-rear 3496 cc 90° V8 was longitudinally mounted and punched out 380 hp, giving it a specific power output of 109 hp/l. Distribution was by means of twin overhead cams with five valves per cylinder. The con rods were titanium, while the control unit was the Bosch M5.2. Dry sump lubrication and a six-speed plus reverse mechanical gearbox completed the picture along with a dry single-plate clutch.