Yes, THAT Ferrari – the all new 599 Hybrid Concept from the luxury sports car maker will debut at the 2010 Geneva Auto Show. We’re not talking about the classic Hawaii-based Ferrari from Magnum PI – in fact it was the early 80′s, THAT Ferrari probably had the worse MPG rating ever.

Leaked this past week was an image of the new 599 Hybrid concept, displaying a creative and original hybrid sports drive, which will be live in Geneva.

“The company’s first hybrid will be based on the 599GTB. Recent patents suggest it may be an all-wheel-drive affair, with electric motors turning the front wheels. The hybrid system likely integrates technology from Ferrari’s Kinetic Energy Recovery System (KERS), which was developed for the 2009 F1 season.”

“Systems such as Ferrari’s were allowed but not required last year—they added weight and complexity but afforded extra 82-hp bursts for up to 6.6 seconds per lap. Ferrari struggled with the system on and off during the season and ultimately decided not to use it in the 2010 car. (F1, being the bastion of cost-savings that it is, also instituted a no-refueling rule that required everyone to redesign their cars for this year.) ”

The Source: Car And Driver