Ferrari Unveils First Supercar in 11 Years Costing €3.6 Million

  • The F80 will be one of Ferrari’s most expensive models ever
  • Europe’s most valuable automaker hopes to further boost profit
The F80 has a top speed of around 217 miles per hour.

Ferrari NV has unveiled its first new supercar in more than a decade, a €3.6 million ($3.9 million) car that’s a futuristic twist on a famous 1980s design.

The new F80 — with a 1200-horsepower V6 hybrid engine — is one of the Italian luxury manufacturer’s most expensive models ever, and only 799 of them will be made, Ferrari said Thursday. Deliveries of the car will start before the end of next year.