Series will be limited to 599 units. The 599 GTO will be Ferrari's most powerful car with a 6.0-liter V12 engine that produces 661 hp (493 kW / 670 PS) and 457 lb-ft (619 Nm) of torque.

The limited edition Ferrari 599 GTO was premiered yesterday in a ceremony at the Ducal Palace at the military academy in Modena, Italy.

Ferrari chief Luca di Montezemolo presided over the first public introduction of the flaghip model. "We've created a wonderful car, the most powerful in our history, an exclusive car I wanted to give a historical name like GTO, because it deserves it," said di Montezemolo.

Powerful, yes. The Ferrari 599 GTO is a 1495 kg (3296 lbs) supercar with a 6.0-liter V12 engine that produces 661 hp (493 kW / 670 PS) and 457 lb-ft (619 Nm) of torque. The Berlinetta clocks the 0-100 km/h sprint in at 3.35 seconds and has a top speed of 208 mph (335 km/h).

The 599 GTO will be (appropriately) limited to only 599 units, three of which were on hand here at the model's unveiling. The 599 GTO will mark its next appearance at the International Automotive Exhibition in Beijing which takes place April 25 to May 2.

Starting price for the 599 GTO will be €319,495 ($426,843 / £285,053). Deliveries are expected to begin later this year.