Back in 2006 the Italian design studio Zagato unveiled the 575 GTZ, a one of a kind concept created for Japanese collector Yoshiyuki Hayashi. Today Zagato has revealed the first details on the Ferrari 550 GTZ, a model limited to only 5 units, each with the lofty price tag of $1.6 Million per vehicle.

The 550 GTZ is based on the 550 Barchetta, a model powered by a Ferrari 5.5 Liter V12 pumping out a total of 485 HP to the rear wheels. The prancing horse managed to run from 0 to 60 MPH in just 4.2 seconds and reach a top speed of 199 MPH. As far as we know, Zagato has yet to release any specifications on the 550 GTZ, but we do know that all five examples are already spoken for.

Ferrari 550 GTZ by Zagato originally appeared on topspeed.com on Wednesday, 28 October 2009 17:30 EST.

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Mama always told us to be careful when driving our cars while crossing an intersection, or in this case, the train tracks.

This poor guy from Sherman, Texas probably figured that his super car could get across the tracks unscathed. He was wrong, and his beautiful ride paid a pretty steep price.

That heap of metal you’re looking at was once a shiny and glittering Ferrari 550 Maranello. But after getting slammed a train crossing, well, it doesn’t look as shiny and glittery as it used to be. Fortunately for the poor guy, he managed to escape with only a few injuries.

As for his ride?

The front has been reduced to a twisted heap and if not for that Prancing Horse badge on the rear that somehow remained intact, then nobody would’ve guessed that this car is – or was – a Ferrari.

Ferrari 550 Maranello slams into a train crossing and pays a dear price originally appeared on topspeed.com on Monday, 17 August 2009 11:30 EST.

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Top Gear’s Richard Hammond seems to be a true fan of old Britain. When Jeremy Clarkson went and bought a Ford GT for a toy, Hammond ordered a Morgan Roadster. Now that Morgan has decided to make the AeroMax coupe, its time for Hammond to make room in his garage. So his loss of a 1997 Ferrari 550 can be your gain.

It seems that the TV personality was not the car’s first celebrity owner. According to the ad, the car was previously owned by EVO magazine. But even if its history doesn’t impress you, it’s hard to deny the attraction of the 550’s 5.5-liter 485 hp 12-cylinder engine.

Richard Hammond's Ferrari 550 for sale originally appeared on topspeed.com on Friday, 31 October 2008 13:55 EST.

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Exotic cars destroyed in Irak originally appeared on topspeed.com on Thursday, 22 March 2007 11:23 EST.

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The 550 Maranello is Ferrari’s interpretation of a 21st Century 12-cylinder front-engined sports berlinetta.

Ferrari 550 Maranello originally appeared on topspeed.com on Monday, 12 December 2005 22:43 EST.

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All Ferraris are limited edition pieces, some more so than others. With only 448 produced, the 550 Barchetta Pininfarina is a very special car indeed. It is a salute to the 70th anniversary of the house that has styled more Ferraris than any other, the 50th anniversary of the two company’s first joint endeavour, and a celebration of the Scuderia Ferrari’s 2000 and 2001 World Championships for Formula 1 Constructors. With a shape and a name that harkens to the sports racers and legendary sports spiders of the 1960s, and all the technology of a modern Ferrari GT car, the 550 Barchetta Pininfarina is perhaps the ultimate expression of a sun-lover’s Italian automobile.

Ferrari 550 Barchetta originally appeared on topspeed.com on Monday, 31 October 2005 19:02 EST.

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