The Ferrari F50 GT was planned to be a successful continuation of the Ferrari F40 GTE. It is based on the twelve-cylinder F50 road car with sequential gearbox and a fixed roof. Ferrari cancelled the program and there are numerous rumors as to why. One version has Bernie Ecclestone tell Ferrari to concentrate on F1 racing, another sees the limit of $1,000,000 for a car in the GT series as the reason, citing that Ferrari could not have made any money on it. Also, there has been talk that the car would not have been competitive against the Porsche GT1.
The decision to cancel the F50 GT program leaves the GT1 class without a viable Ferrari to race, but the new regulations for heavier production cars in GT2 will probably encourage teams to have a look at the 550 Maranello.
