This Ferrari was introduced to the Flying Colors line as Racebait 308 in Red with a Black metal base and Blackwall tires (BW). It was also available in the Thundershift Roarin' Raceway. In 1979 it was Gold-plated and was part of the Golden Machines 6-Pack. The Red version base was changed to Black plastic. In 1982, it was Metalflake Silver and joined the Hot Ones series. Other names were Quik Trik, Street Beast, Hot Wheels (Tattoo Machines), and Ferrari 308 GTB. In 2004, the casting was retired.