From 1961 forward, Ferrari focused on building rear-engine sports cars. After a short development period of the 246, Carlo Chiti designed four new rear-engined sports cars: the 196SP, 248SP, 286SP and 268 SP. The 248 SP was built around a new 2,458 cc Ferrari V8 with a single overhead camshaft V8 engine fed by four twin-choke Weber carburetors. Power was in the neighborhood of 250 bhp. The 268 SP version was also fitted with a V8 engine, with the stroke increased to 71 mm and upped to 2,650 cc.
The tubular space-frame featured all-round independent suspension while the bodywork was very similar to the 246 SP’s, a unique and dramatic barchetta design created by Fantuzzi coachwords. It had a low windscreen, curved rear fenders and a sharp, creased spoiler at the edge of the tail as well as a protruding nose featuring a twin-nostril grille. It was an unusual design for Ferrari at the time.