Click above to view the Ferrari Millechili in our hi-res gallery

Since the epically fast Enzo supercar finished its limited production run, the 430 Scuderia has been left to uphold the mantle as Ferrari's fastest. But as amazing as the Scuderia's performance is, outrunning every previous Ferrari around the company's Fiorano test track, it only goes to show what Maranello is capable of: If they can do this with their erstwhile "entry-level" V8 sportscar, what do they have in store for the Enzo's successor?

Emerging reports suggest that Ferrari could go one (or both) of two ways with its next range-topper. One approach is reportedly being based on the Millechili concept, which as you'll recall was essentially a chopped-down Enzo crafted out of cardboard and plastic holding the promise of environmentally-friendly specs. The production vehicle is tipped to be based on the F430's platform – remember that the 288 GTO and F40 were based on modified 308 underpinnings – but feature a 600hp V10 in a lightweight 1000kg package, with a lengthened wheelbase of around 104 inces, a $500,000 price tag and a production run of 300.

While reports suggest that a second supercar could appear based on the FXX development program, we think it far more likely that one vehicle will prevail, borrowing on themes and components from both the Millechili and the FXX test-bed.

Related GalleryFerrari Millechili concept

Related GalleryFerrari FXX Evoluzione

[Source: Car and Driver]