After last week's announcement that the Italian automaker Ferrari is planning on topping off their lineup of exotic dream machines with an all new super car to head up the high performance lineup and celebrate nearly 70 years of success with a car that is currently codenamed the F70. The new super car will serve as a successor to the Enzo->ke389 and there are also rumors flying around that it will also be offered as a hybrid.

Like the lightweight Mille Chili concept, Ferrari will focus on reducing the next generation halo car's mass in an attempt to increase speed and handling without necessarily having to force more air and fuel into the F70's combustion chambers. The way it looks now, the F70 will be based around a compact footprint and weigh in at no more than 1,000 kilograms. Meanwhile under the rear deck lid there is rumored to sit a supercharged V8 making a maximum output of 700 HP when it is unveiled in 2012. Like Enzo Ferrari always said, build one less then you think you can sell, so the very special F70 will be limited to only 399 units.

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