MARANELLO, Italy - Ferrari released new photos of its future California model today, showing a blue GT for the first time with its top up. Previous photos were of a red California shown only with its convertible top down.Ferrari President Luca di Montezemolo had the privilege of lapping the Fiorano test circuit in the new California, and after exulting its performance virtues said, "This is the first dual-purpose Spider/Coupe with a retractable hardtop that closes in just 14 seconds. Despite its extraordinary performance, the California is also exceptionally easy to drive and has a space behind the front seats that makes it supremely flexible in terms of usage."The latest photos show the stunning new Prancing Horse in Azzurro California livery. Ferrari says Azzurro California was the color chosen for the legendary 1960s Spyder's appearance at the 1962 New York Auto Show, and that it was a favorite among owners of that original model.Confirming di Montezemolo's statement about the California's flexible packaging, Ferrari says the trunk and cabin are linked to provide cargo versatility, providing 12.7 cubic feet of cargo space with the top up and just over 9 cubes with the top down.The California's chassis and body are both made of aluminum. The car measures 179.5 inches long, 74.8 inches wide and rides on a 106.3-inch wheelbase. Power comes from a 460-horsepower 4.3-liter V8 with direct fuel injection and a "flat" crankshaft mated to a seven-speed dual-clutch transmission.A beautiful weekender that also has room for your luggage.