Ferrari has finally confirmed that it will indeed be building a “utility vehicle” (like Rolls-Royce, the Maranello-based brand isn’t terribly fond of the term SUV), revealing that it will be called the Purosangue.

Purosangue is an Italian word meaning “thoroughbred”. The five-door vehicle is set to launch in 2022 and will ride on Ferrari’s front mid-engine platform, featuring variable ground clearance and the option of a hybrid powertrain.

"I abhor hearing SUV in the same sentence as Ferrari," Louis Camilleri, the Italian brand’s CEO, said at a business presentation, according to Automotive News Europe.

"SUV just does not sit well with Ferrari," he added.

While Camilleri claimed he was initially "skeptical" about the idea of an FUV (Ferrari Utility Vehicle), he is now firmly on board.

"Having now seen the wonderful design and the extraordinary features, I am a hugely enthusiastic supporter," he revealed, adding that the Purosangue will be "expensive, rest assured".

In October 2017, the late Sergio Marchionne all but confirmed that an FUV was on the cards.