The fourth-generation (Z32) was launched exactly 20 years after the first-generation Fairlady Z in July 1989. The convertible was officially released in August 1992, after its exhibition at the 1991 Tokyo Motor Show. The car is based on the two-seater 300ZX and features an independent trunk lid. The engine was a non-turbo VG30DE (230PS).

Overall length / width / height	4,310/1,790/1,255mm
Wheelbase	2,450mm
Tread (front/rear)	1,495/1,535mm
Curb weight	1,530kg
Engine	VG30DE (V6, DOHC), 2,960cc
EngineMax. power	169W (230PS)/6,400rpm
EngineMax. torque	273Nm (27.8kgm)/4,800rpm
Transmission	Electronically controlled AT (E-AT)
Suspension	Multilink (front & rear)
Brakes	Ventilated disc (front & rear)
Tires	225/50R16 (front & rear)
Model Number	HZ32