New Ferrari F430 Challenge Stradale spy photos have surfaced over at Carmagazine. This lightweight F430 race car is set to take on the Lamborghini Superleggera. Power with the new F430 CS is expected to be increased to a total of “500 bhp” from the F430’s original “483 bhp” powered engine. In addition to power increases, there will also be lightweight materials fitted into the new Ferrari F430 CS. Ferrari’s main goal is to “shave a total of 100kg” off the weight of the new F430 CS and plans to do so by using a lighter “windscreen, carbon fiber intake plenum cover, and a new exhaust.” In the end, the new F430 CS, which is set to release in “early 2008”, may be so special that a new name may be assigned to it because Ferrari “has a history of introducing new names with new models.” Whatever Ferrari plans to call it, I will take one in Red. Pricing is expected to be around £150,000.

Gallery: New Ferrari F430 CS Spy Photos