The new two-seat supercar will be more powerful and lighter than before, making it one of the company’s fastest-ever models.

The Ferrari 599 replacement will get a 700bhp 6.3-litre V12 engine, new gearbox and lighter weight for stunning performance.

 The new 599 will feature an even more powerful version of the FF’s 6.3-litre V12 direct-injection engine, producing 700bhp. That will make it the most powerful car in the range, with 50bhp more than the FF and 88bhp more than the current car.

With the extra power and lighter body, this will ensure a top speed of 215mph and a 0-62mph time of 3.2 seconds – about as fast as a Lamborghini Aventador.

Sales of the new car will start in late 2012, and the price is set to increase from the current car’s £212,000 to around £225,000.