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Ferrari HC25: A One-Off V8 Roadster That Bridges Two Eras

When Ferrari wheels out something from its Special Projects division, it is never just another car — it is a statement, built once and never repeated.

Giuseppe DiZillo · 21 May 2026

When Ferrari wheels out something from its Special Projects division, it is never just another car — it is a statement, built once and never repeated. The latest of these jewels is the Ferrari HC25, a one-off roadster revealed during Ferrari Racing Days at the Circuit of the Americas in Austin, Texas. For a single, very fortunate client, it is the only one of its kind on the planet.

A farewell wrapped in carbon and chrome

The HC25 is built on the bones of the F8 Spider — significant, because that was the last open-top Ferrari to use a mid-rear V8 without any hybrid assistance. In an age where electrification is sweeping through every halo car, the HC25 quietly celebrates the pure, unfiltered combustion roadster before it disappears for good. Ferrari itself describes the car as a bridge: one foot in the analogue past of the screaming V8, the other reaching toward the futuristic language of the 12Cilindri and the F80 hypercar.

Design that borrows from the F80

Penned by the Ferrari Design Studio under Flavio Manzoni and his team, the HC25 lifts visual cues straight from the F80 while reinterpreting the open-top formula in its own way. The body wears a matt Moonlight Grey finish, sliced through the middle by a glossy black band. That band is not just for show — it channels air into the radiators and pulls heat away from the powertrain, a reminder that on a Ferrari, form almost always serves function.

Why one-offs matter

Cars like the HC25 are where Ferrari’s designers and engineers get to be at their most expressive, freed from the compromises of series production. They are also a window into where the brand is heading: every one-off tends to preview a styling motif or a philosophy that filters down into future road cars. The HC25 reads like a love letter to the V8 roadster era — and a hint that Maranello knows exactly how to send it off in style.

For the rest of us, the HC25 will likely live on through photographs and the occasional concours sighting. But that is part of the magic of Special Projects: knowing that somewhere out there, a single Moonlight Grey roadster exists for one person alone.

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