Inside Line is reporting that Ferrari has promised to show the replacement for the 599 GTB Fiorano at next month's Geneva Motor Show. Currently dubbed the 620 GT, the new coupe will be powered by a more powerful version of Ferrari's 6.3-liter V12 and have a seven-speed dual clutch transmission, according to the report. The last time we heard rumors to this effect, power output was pegged at more than 700 horsepower.

No doubt the new model will help boost Ferrari sales even further. The company reported record sales last year, some 7,195 cars, according to the report – a 9.5 percent increase from 2010. Revenue was up over 17 percent, to nearly three billion dollars, while Ferrari turned a $210 million profit.