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In 1980 Ferrari introduced a two-litre version of the 308, 208 GTB and 208 GTS. Though mainly for the domestic Italian market, where new cars with engines above 2-litres were subjected to a much higher value added tax, 38% instead of the standard 18%. They were also listed in New Zealand. The 208 GTB/GTS replaced the 208 GT4 2+2. It was regarded as the slowest Ferrari ever made but was surpassed by 208 GT4 Bertone by American magazine Motor Trend In 1980.
The engine was de-bored to 68.8 mm (giving it an undersquare design) for a total displacement of 1,990.64 cc (121 cu in), resulting in one of the smallest V8 engines ever produced. Fed through four Weber 34 DCNF carburettors, the V8 produced 155 PS (114 kW; 153 bhp) at 6800 rpm. 160 208 GTS and 140 208 GTB cars were produced in 1980 and 1981.
The engine was de-bored to 68.8 mm (giving it an undersquare design) for a total displacement of 1,990.64 cc (121 cu in), resulting in one of the smallest V8 engines ever produced. Fed through four Weber 34 DCNF carburettors, the V8 produced 155 PS (114 kW; 153 bhp) at 6800 rpm. 160 208 GTS and 140 208 GTB cars were produced in 1980 and 1981.