A1GP World Cup of Motorsport has revealed the first image of its new ‘Powered by Ferrari’ racer that will be used in season four (2008/09). Based on the Ferrari F2004 chassis with a V8 engine producing around 600Hp, the Powered by Ferrari project was first announced on 11 October 2007 when the Italian carmaker signed a six-year agreement to manufacture and supply all A1GP engines for the series and provide consultancy on the design of all A1GP chassis from season four onwards.