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During his stay in I.DE.A Institute, Spada had competed and won over major design contracts from Fiat, putting him in direct competition with his fellow Italian design maverick, Giorgetto Giugiaro, born on the same year and on the same month as Spada.
Built by Ferrari under the design of I.DE.A Institute at a cost of approximately $1 million, it was introduced at the 1989 Champion Spark Plugs 300 in Laguna Seca.