700-HP Ferrari 599 GTO

MARANELLO, Italy — Ferrari has confirmed that it will be releasing the 599 GTO. It is essentially a road variant of the built-for-the-track Ferrari 599 XX, and this is the first time the Prancing Horse automaker has used the GTO nameplate since the 288 GTO, built from 1984-'86.
Ferrari CEO Amedeo Felisa confirmed this news with Evo Magazine. Felisa also stated that the automaker has changed the classification of the 599 GTB Fiorano from "GT" to its "Sports Car" designation, allowing for the development of this extreme GTO version.
The vehicle's 6.0-liter V12 will develop an estimated 700 horsepower thanks to an increased rev limit of 9,000 rpm — 88 hp over the standard 599. It is also set to have quicker gearchanges than the standard 599 GTB Fiorano at just 60 milliseconds (down from 100 milliseconds), a 0.5-second-faster 0-60-mph time of just 3.2 seconds and, finally, a remarkable Enzo-battling 217 mph top speed.
Evo says the U.K. will get 50 of the supercars after it makes an official debut at the 2010 Geneva Auto Show in March. Pricing should start around the equivalent of $460,000, with deliveries expected to begin as soon as this May.
Inside Line says: Ferrari may just have created its most exciting road-going vehicle ever with the expected performance of the 599 GTO. — Mike Lysaght, Correspondent