Ferrari F70 is Rumored to Cost More Than$1.6 Million!

The new Ferrari Enzo - currently known internally as the F150 andto some as the F70 - will make its world debut at the 2013 Geneva Motor Show. While the auto show is still a few weeks away, rumors suggest that in Italy the model will be priced at about €1.21 million (about $1.6 million at the current exchange rates).
By comparison, back in 2002 Enzo was priced at €665,000 (about $890,000 at the current exchange rates). The model will be limited to only 499 units.
Final specifications on the new Enzo are still to be released, but the Italian maker did promised it will deliver much more than the current F12 berlinetta, which delivers a total of 740 horsepower.
Still, when compared to the current supercar, the next Enzo will combine a V-12 normally aspirated direct-injection gasoline engine with an electric motor for a total output of more than 900 horsepower.

The model will use lots of carbon fiber in its construction in an attempt to keep the car's total weight as low as possible.
Full details will follow closer to its official launch in Geneva.