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The last day or so has been particularly eventful in the lively arena of Ferrari speculation. The fire was fueled first by a purported shot of the 599 replacement’s rear, and now the company has released a video (see below) promising a reveal of the new V-12 car for next week. The footage shows thinly veiled test vehicles being put through their paces—by none other than Ferrari F1 drivers Fernando Alonso and Felipe Massa—and boldly proclaims: “The most powerful Ferrari ever is about to take its bow.” February 29 is the promised unveil date.

The “most powerful” claim certainly makes sense, as last October Ferrari CEO Amedeo Felisa told Car and Driver the new car would produce more than 700 hp and retain the current front-engine configuration. Rumors say the car will be named F620, which would mean it uses a 6.2-liter V-12. Heretofore, the track-only 599XX was the sole 599 model to crest the 700-hp mark.

We’ll see just how far past 700 that total goes when the wraps come off next week. We expect to see and learn more about the car at the Geneva show next month.