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In 1995, Ferrari introduced a race-ready F355 model for use specifically in the Ferrari Challenge racing series. The Ferrari F355 Challenge was developed by the standard Ferrari F355 Berlinetta and modified using the factory-supplied kit. The first cars from 1995 came with assembled cages and without carpets.
Ferrari has developed a new 3.5-liter 90 ° V8 engine with 375 horsepower for the F355. The specific output of this remarkable 5-valve unit was 109 hp per liter. A total of 108 cars were produced, all of which were equipped with a six-speed manual transmission. The aluminum engine block had wet steel liners coated with Nikasil.