Wraps are off Ferrari’s Latest Supercar, LaFerrari

The wraps are finally off the LaFerrari. The Prancing Horse's eagerly-anticipated limited-series special, of which just 499 will be built, made its world debut today at the Geneva International Motor Show.

"We chose to call this model LaFerrari, because it is the maximum expression of what defines our company – excellence,” declared Ferrari's President, Luca di Montezemolo. “Excellence in terms of technological innovation, performance, visionary styling and the sheer thrill of driving.”

The LaFerrari is Ferrari’s first hybrid and is powered by HY-KERS (hybrid-kinetic energy recovery system). A battery-powered 160-horsepower electric motor is paired with a 6.3-liter 789 horsepower V12 engine for a total output of 949 horses and 663 lb-ft of torque. Ferrari says the LaFerrari can hit 62 miles per hour in under three seconds. No price yet on this limited edition supercar, but it’s expected to be around one million dollars.