— Ferrari, the automaker that won the 2016 Grand Prix of China, is opening a Nova Driving Academy in Bay City, Florida, where students can learn about the safety and performance of the Italian marque’s upcoming F430.

Ferrari’s F430, which will be used in the 2018 Formula One World Championship, was unveiled at the North American International Auto Show in Detroit in February.

Founded in 1962, Ferrari was renamed the Italian brand in 2000, following the introduction of the first Ferrari sports car in 1971.

The company has since expanded its reach, with the introduction in 1973 of the F50 sports car, which was the first production car of the new Ferrari line.

The company is expected to announce new models and introduce more new products during its third-quarter earnings call with analysts on Thursday.

The firm plans to spend $1 billion on its global workforce and is investing more than $600 million in Florida, according to a regulatory filing last week.