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The 512 TR was the replacement for the Testarossa, and was announced for the 1992 model year. The new car witnessed a return to a model title using characters, with the figure "5" referring to the cubic capacity of the engine in litres and the "12" to the number of cylinders, whilst the "TR" was an abbreviation of Testarossa (Testa Rossa). The main external visual differences were the nose and tail treatment, the louvre design on the engine lid and the design of the road wheels. There was also a barely noticeable different profile to the sail panel buttresses, which were plain and flowed directly into the roof panel on the 512 TR, instead of featuring the step and black perforated exhaust air grilles of the Testarossa. Internally there were changes to the seats, steering wheel design and trim details. Mechanically there were numerous changes to the engine and gearbox, which boosted power, and provided a more satisfying and positive to use gearbox. Not visually apparent was that the engine and transmission assembly location in the chassis had been dropped by 30mm, to lower the centre of gravity, and thus improve the already high standard of roadholding.
The net result of these changes was a jump in the claimed power output of 38bhp to 428bhp @ 6750rpm for European models and 421bhp at the same engine speed for US models. The increased power provided improved acceleration, although the top speed was still in line with that of its predecessor.
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