The Mondial 3.2 model succeeded the Mondial Quattrovalvole, and was available in both coupé and cabriolet form, being announced concurrently with the 328 series of 2 seat models at the 1985 Frankfurt Salon. The 3.2 in the model title referred purely to the cubic capacity of the engine in litres. This model saw the first change in the body styling, with revised front and rear ends incorporating smooth body colour bumper assemblies, and a radiator grille with front light and radiator grille assemblies that mirrored those of the 328 cousin.
The main European market Mondial 3.2 Cabriolet models had a tubular chassis with factory type reference F 108 CS 100, which featured a bolted rear sub-frame section, so that the complete engine, transmission and rear suspension assembly could be removed as a single unit, for ease of maintenance.
The V8 engine of the Mondial 3.2 Cabriolet was basically the same design as that used in the coupé version, fitted with Bosch K Jetronic fuel injection and Marelli MED 806A Microplex electronic ignition to produce a claimed 270bhp at 7000rpm for main European market models, and 260bhp for US market models.