Ferrari Creating First Hybrid For 2013 Release, Cutting Fuel Consumption By 40 Percent

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It’s evident that even the most elite performance cars are under pressure to get greener as Ferrari SpA plans on turning to fuel-saving hybrid technology to create its most powerful and expensive model.

Ferrari’s first hybrid, dubbed the F70 in trade press and blogs, will probably surpass the $850,000 price tag of the limited-edition Enzo.

The Italian carmaker will use technology developed for Formula One racing, combining two electric motors with a 12-cylinder gasoline engine to produce more horsepower than any previous Ferrari while cutting fuel consumption by 40 percent. The model is part of a wave of green super cars created by high-end automakers making their models more environmentally friendly while still maintaining or boosting performance.

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