This item is a racing car model kit assembled from parts made of resin, white metal, photo-etched metal and possibly other materials.
Assembly Guide
Here's a 1/24-scale multi-media kit of the "Risi Competitione" #61/#62 Ferrari F430 GT as ran in the 2007 ALMS. Studio 27's kits consist of resin bodies, with white metal, photo-etched, and turned aluminum parts, and rubber tires; exquisite detail is enhanced by superb decals. There is a bit of upper engine detail as seen through the rear window.