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The history of the 612 Scaglietti started in 2004 when Ferrari chose it as a successor for the smaller 456 M. It was designed as a 4 seater gran tourer with adequate space in the rear seats for adults. But, if we’re going to be honest, the 612 Scaglietti features the most out-dated design in all of the current Ferrari line-up.

Thankfully, Ferrariis coming to the rescue with a successor to the Scaglietti. This new model will be unveiled next March at the Geneva Motor Show with sales beginning in the summer of 2011. Prices are said to be in the 300,000 euro area.

Ferrari has already confirmed that the next 612 model will feature lots of modifications, including a gasoline-hybrid technology which is a system Ferrari developed from the KERS system it currently uses in Formula One race cars. This system was already previewed by the 599 GTB Fiorano HY-KERS concept unveiled earlier this year.

While the prototypes caught testing all over the world looked almost identical to the current 612 Scaglietti, the next model will adopt a totally new look. It will combine design elements from both the 458 Italia and the Vettura Laboratorio HY-KERS. The sports car will get a strong front, curved hood, and wider wheelbase.

The current 612 Scaglietti is powered by a 5,748 cc V12 engine that delivers 530 HP and 588 Nm of torque. But the next model will adopt a hybrid drive train that will combine a V12 front engine that delivers a total of 550 HP with a 100-HP electric motor at the rear. This new system will help improve fuel consumption by at least 35%.

We expect to see the same dual-clutch 7-speed F1 transmission as in the Vettura Laboratorio HY-KERS concept.

The next Ferrari 612 Scaglietti takes on models like the Aston Martin DBS, which is also about to enter its second generation. The new Bentley Continental GT will also have a few reasons to fear the 612.

The new Ferrari 612 Scaglietti will make its world debut in March 2011 at the Geneva Motor Show. Sales will begin in the summer of 2011; expect a price of around 300,000 euro, or $410,00 at the current exchange rates.