Remember a while ago we reported for the first time that Ferrari is considering a hybrid version for the 599? We can now confirm that the Italian company will indeed reveal a 599 Hybrid prototype in March at the Geneva Motor Show. A production version will follow in the near future. The announcement was made by Luca di Montezemolo himself during the today's unveiling of the 2010 Ferrari F10.

As we previously reported, Ferrari’s hybrid system will combine a set of highly efficient lithium ion batteries and an electric motor mounted in the rear transaxle. This electrified prop shaft will generate its maximum torque at zero RPM, thus cutting the extremely ineficeint around town fuel consumption by up to 35%, bringing overall fuel consumption up from around 9 MPG all the way closer to 14 MPG with the battery being recharged while the 599 is decelerating just like the F1 car.

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