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With the 458 Italia, Calfornia, 612 Scaglietti, 599 GTB Fiorano and numerous derivations thereof, Ferrari's juggling more distinct models than it has since the days of the 328, Mondial, 412 and Testarossa. So while updating its line-up on an ad-hoc basis has worked for the company previously, Maranello has now revealed a solid product life-cycle scheme that will see a new model revealed every year.

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What do you get when you start with a 599 GTB Fiorano, lose 430 pounds, add 49 horsepower and import street-legal tech from the track-only 599XX? The sum of those many marvelous parts is the 599 GTO, the fastest road-going Ferrari in the automaker's legendary history.

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Few letters hold the same lore for Ferrari fans as G-T-O. Pontiac muscle-cars aside, the letters were first used on the iconic '60s-era 250 GTO. The 288 GTO followed two decades later and laid the ground for the F40, the first in the modern age of Ferrari supercars. Now the name is set to come back again on an extreme version of the 599 GTB

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Ferrari 599XX – Click above for a high-res image gallery

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Ferrari 599XX – Click above for high-res image gallery

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With the new 458 Italia ready to go, the 458 Spider on its way, and the California still fresh on the market, Ferrari is turning its attention from the V8 range to its V12 flagships. CAR sat down with the company's CEO and managing director Amedeo Felisa, who revealed the full roll-out schedule for not one, not two, but three new V12 supercars currently under development in Maranello.

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Ferrari 599 GTB Fiorano with HGTE package – Click above for high-res image gallery

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Three years may not seem like a long time to keep a car on the market, but for an exotic automaker built on a Formula One team accustomed to replacing their racing machinery every season, 36 months must seem like an eternity. That could explaining why the 599 GTB Fiorano, introduced just a few flips of the calendar ago in 2006, is already due for a refresh.

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Click above for a high-res gallery of the Ferrari 599 HGTE

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Click above for a high-res gallery of the Ferrari 599XX

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Ferrari seem to content with cutting the roof off of everything these days. The F430 Spider remains the company's hottest-selling model, with the new California on the way. A roadster version of the 430 Scuderia is anticipated to make its debut at Mugello in November, and now spy shots have surfaced showing what sources suggest is a convertible version of the 599 GTB Fiorano.

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Ferraris are best known for their looks, performance, and exclusivity, but lately, it seems one could add flammability to that list of attributes. The latest case of Ferrari flambé involves a beautiful black 599 GTB Fiorano, which self-ignited at a stop light while being driven by someone who wasn't even the car's owner. Martin Bullen, who works at supercar garage Romans International in Banstead, UK, was at the wheel when he heard a strange sound followed by a brilliant display of smoke

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click above image to view 10 pics of the 2008 Vandenbrink 599 GTO

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