1954 saw the introduction of a new four cylinder sports racer, the 750 Monza. Sporting a three litre version of the 500 Mondial's engine, the Monza was much more powerful, with 250 hp (186 kW) available, but barely heavier at 760 kg (1675 lb). The new-style body was penned by Pinin Farina and presaged the droop-nose look of the famed 250 GTO, but it was Scaglietti's 750 Monza, with its faired-in headrest suggesting the flowing Testa Rossa that drew attention.
Mike Hawthorn and Umberto Maglioli piloted their 750 Monza to victory at Monza on its very first race, giving the car its name. Although they were strong on the track, the Monza was unable to hold off the Mercedes-Benz 300 SLR in 1955, allowing the Germans to seize the sports car championship that Ferrari claimed in 1954.