Ferrari's 612 Scaglietti was designed by Pininfarina and named after Ferrari stylist Sergio Scaglietti. Features of this performance car include an all-aluminum spaceframe structure, a scallop-sided body, a roomy interior, a V-12 engine and 540 horsepower. While the Ferrari 612 will leave auto enthusiasts salivating in its wake until the cars become available, the 1:18 Hot Wheels® version, developed side-by-side with Ferrari, is available beginning this month for an approximate retail price of $20.

"Hot Wheels® and Ferrari share a passion for speed, power and performance," says Michael Staskin, vice president, Hot Wheels® marketing, Mattel. "Working together over the years, Hot Wheels® has been able to precisely replicate some of Ferrari's amazing cars and make their smaller-scale counterparts available to car buffs worldwide."

"This partnership positions Ferrari alongside the premier die-cast manufacturer, ensuring the same high standards of quality and detail found in our high-performance vehicles are applied in the Hot Wheels® miniatures," said Alberto Crippa, Licensing and Merchandising Director, Ferrari. "Hot Wheels® makes our cars accessible to Ferrari lovers of all ages."

Since 1999, Mattel and Ferrari have been committed to an exclusive relationship entitling Mattel to produce toys, accessories and adult collectible products based on the rich heritage of Ferrari vehicles and the extraordinary Ferrari Formula 1 race team.

Mattel has manufactured more than 30 Ferrari licensed models, each specially crafted to ensure maximum authenticity and collectibility while embodying the true Ferrari experience of luxury and performance. Engineers from both companies work side-by-side to ensure their Hot Wheels® counterparts mirror the authenticity of Ferrari's high-performance vehicles, from paint to frame to interior.

Mattel not only captures the exclusivity of these elite vehicles, but also brings the experience to car enthusiasts in the classic Hot Wheels® style that serious collectors have come to expect. Hot Wheels® Ferrari cars are available in 1:64, 1:43 and 1:18 scales. From the Enzo Ferrari to a 1:18 model of world champion Michael Schumacher's Formula 1 racecar, each collectible is a highly-detailed model of the world's most popular Ferrari cars, past and present.

Mattel, Inc. (NYSE:MAT; www.mattel.com) is the worldwide leader in the design, manufacture and marketing of toys and family products, including Barbie®, the most popular fashion doll ever created. Leading the toy and game market, the Mattel family is comprised of such best-selling brands as Hot Wheels®, Matchbox®, American Girl®, Tyco® R/C and Scrabble(TM), and Fisher-Price brands (www.fisher-price.com), including Little People®, Rescue Heroes(TM), Power Wheels® and a wide array of entertainment-inspired toy lines. With worldwide headquarters in El Segundo, Calif., Mattel employs more than 27,000 people in 36 countries and sells products in more than 150 nations throughout the world. The Mattel vision is to be the world's premier toy brands--today and tomorrow.

The Ferrari group, which includes the Ferrari and Maserati brands, is present in 45 countries (over 90 percent of the worldwide automotive market) supporting a sales network of more than 300 dealerships. The Group, based in Maranello and Modena (Italy), is a high-tech constructor of extreme and luxury sports cars with consolidated 2002 global sales of 1.2 billion Euros and over 2,800 employees. Ferrari has won nine Formula 1 World Titles in the last five years (four Drivers' and five Constructors' titles in succession), while both model range and technological innovation has led to excellent commercial performance. Performance, drivability and safety are guaranteed by the continuous transfer of Ferrari's Formula 1 know-how and technology to its road-going "Granturismo" cars.

HOT WHEELS and associated trademarks are owned by Mattel, Inc. Product under license of Ferrari S.p.A.