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Ferrari is getting ready to release its newest and most amazing vehicle yet. One that will get them in on the eco-friendly market. This newest Ferrari will be much lighter than normal and will use a lower-displacement engine. But don’t think that will but back on the whopping 500 HP.

Thoughts are that such a car would derive its powerplant from the one mooted for the Millechili concept shown earlier this year. Though the car shown was nothing more than cardboard, the powerplant spoken of was a twin-turbocharged, direct-injection, 550-hp, 3.0-liter V-8.

The other big news is more information on Ferrari’s No-It’s-Not-A-Dino. Instead, what will be revealed early next year is a 2+2 V8 with a 4.3L V8 mounted up front. Other changes to the rest of Ferrari’s line have taken a back seat due to the marque’s growing popularity. The 599 hardtop convertible has been put on hold in light of the coupe’s 18-month waiting list. The 612 will remain unchanged until its replaced in 2010.

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