Rumor has it that Ferrari will be investing about 50 million Euros in developing and producing a new line of engines meant for brands within the FIAT group (of which Ferrari is a part of), namely Maserati, Lancia and Alfa Romeo.

The news leak was published by and came with only a few details. According to the Italian website, the report is a good indication of the financial health of Ferrari, as the development meant the hiring of new workers.

The report indicates that Ferrari will be developing two distinct engines. The first is a V6 twin turbo capable of producing around 450 horsepower as well as a larger V8 that can produce over 500 horsepower. The report states that both engines are designed for reduced fuel consumption and better emissions.

According to Motorionline, the engines will make their way into the next generation Maserati Quattroporte, a new Alfa Romeo flagship, the upcoming Maserati Kubang SUV and possibly a Lancia.

This is not the first time that Ferrari-derived engines have been (or will be) used by other brands within FIAT. In the past, the Ferrari Dino's V6 engines (206 and 246) were used in other FIAT models, as they were used in the FIAT Dino as well as the iconic Lancia Stratos. The current engine in the Maserati Quattroporte and GranTurismo are also Ferrari derived.