The Ferrari Mondial 3.2 Cabriolet was part of the third iteration of the Mondial. Like the new Ferrari 328, the Mondial's V8 engine grew in both bore and stroke to 3.2 L (3,185 cc), capable of 266 hp, driving the rear wheels through a 5-speed manual transmission. Along with its Coupe sibling, its styling was refreshed with body-coloured bumpers, similar to the 328 with more integrated indicators and driving lamps, and new alloy wheels with a more rounded face. The 3.2 also boasted a major interior update, with a more ergonomic layout and a more rounded instrument binnacle. Later cars, from 1987 onwards, also sported ABS brakes. After a production run of 810 Cabriolets, it was replaced by the Ferrari Mondial t Cabriolet in 1989.