The Ferrari 599 successor isn't due until late 2012, but new details are starting to emerge about the highly-anticipated supercar.

Reportedly derived from the FF, the flagship model will ride on an aluminum chassis that has a multi-link rear suspension which should improve ride quality. Furthermore, the mysterious model will reportedly adopt composite body panels to reduce weight.

Under the hood, motivation will likely be provided by a 6.3-liter V12 engine that produces 700 hp (522 kW / 710 PS). It will be connected to a seven-speed dual-clutch transmission which will send power to the rear-wheels through an electronically locking rear differential. As for previous rumors of all-wheel drive? Motor Trend says "certainly not."

Got a tip for us? Email: tips@motor1.com