Report: Ferrari’s supercar to start at 1 million euros before taxes

Ferrari’s much anticipated upcoming supercar will have a pre-tax starting price of about 1 million, according to a report from Automotive News Europe.

The report quoted people familiar with the matter who said the base version of the Ferrari Enzo replacement will cost an estimated 1.21 million euros in Italy after taxes. Ferrari’s supercar is expected to be made in a limited production of 499 units, 100 more than the Enzo. The increase is being made in order to meet growing demand for the brand in Asia, particularly China.

Ferrari declined to confirm the price or volume figures for the Enzo replacement, which is known by its code-name, F150 project. The car’s name is also a mystery, with only two teaser images of the gasoline-electric hybrid having been released so far. Both photos appeared in the December issue of Ferrari’s in-house magazine.

According to the same sources, the Enzo replacement will deliver more than 900 horsepower, combining a new V-12 naturally aspirated direct-injection gasoline engine with an electric motor, part of a high-performance hybrid system called HY-KERS, which helps cut fuel consumption by about 40 percent.

The new Ferrari will have a carbon fiber chassis, which will help keep the car’s weight as close as possible to the Enzo’s 1,365 kg, considering that the hybrid system will add about 150 kg to the car’s weight.

According to Fiat-Chrysler CEO Sergio Marchionne, the new Ferrari is already sold out.