Since the Geneva Motor Show is now underway, Novitec Rosso has released their latest tuning project on the Ferrari 599 GTB called the 848 RACE. Their specialists will only be creating three of these beautifully modified Ferrari 599 GTB models, which are more powerful than the previous Ferrari 599 Fiorano. The Ferrari engine alone could go without any customizations, so the guys at Novitec focused on the exterior styling first. This 848 RACE version of the Ferrari 599 features a new front spoiler lip, rear apron, rear diffuser, custom rear wing, and new rocker panels. These upgrades were installed to improve aerodynamics and cooling to the V12, which received some aftermarket parts.

Here are the official pictures of the new Gemballa MIG-U1 based on the Ferrari Enzo. The previous article we wrote last month did not have the performance numbers or high resolution photos of the Gemballa MIG-U1. Now we come to find out the car boasts a powerful V12 engine capable of producing 700 hp. The new styling kit Gemballa installed makes the car 80 mm wider in the front, and 100 mm wider at the rear than the stock Ferrari Enzo. There is also an electric hydraulic height adjustable suspension that can lower or raise the car 45 mm with the push of a button. This original MIG-U1 supercar was put together for Gemballa’s Middle East distributor, the Illyas and Mustafa Galardi Group.

Gemballa released a new Ferrari Enzo tuning kit called the MIG-U1 that was supposed to debut at the Dubai Motor Show, but missed the cut-off date this month. This limited edition Ferrari model was completed for Gemballa’s Middle East distributor, the Illyas and Mustafa Galardi Group. They used Mustafa’s personal Ferrari Enzo for the project, and ended up with some stunning results. Built like a MIG fighter jet, the Enzo features a new aerodynamic body kit consisting of several parts. The performance numbers haven’t been released yet, but should be available soon if Gemballa plans to reveal it at the upcoming Geneva Motor Show in March.

Ferrari is back into the business of coachbuilding as the Italian supercar maker unveiled the second one-off special after the P4/5 it built for American collector (and millionaire…) James Glickenhaus back in 2006. The new Ferrari P540 Superfast Ferries Aperta was created for Edward Walson, son of John Walson, the inventor of cable TV.

Even the Ferrari California can’t escape from the tuning claws of companies like Novitec Rosso that has revealed a comprehensive, yet subtle package for the hardtop roadster. The German tuners offerings include a tasty aero kit, suspension and engine modifications, new interior options and custom wheels.

Joining the insane 827HP Porsche 911 GT2 Speed at Wimmer RS’s booth at the 2009 Essen Motor Show is the Ferrari F430 Scuderia, a subtly tuned version of the F430 Spider model. Performance modifications include a power pack that comprises of an upgraded ECU and a hand-built, sport exhaust system featuring remote controlled valves that allow the driver to choose between a nearly stock and racing note from the quad tail pipes.

Feeding into our supercar lust, Ferrari published a new photo gallery of its tweaked 599 GTB Fiorano with the Handling GT Evoluzione sport package. Revealed for the first time at this year’s Geneva Salon, the HGTE is in essence an optional pack designed to further improve driver involvement and agility, as well as to enhance the standard 599 GTB Fiorano’s grip.

To mark the occasion of the delivery of its 1000th car in Hong Kong, Ferrari organized a special ceremony at the Victoria Harbor yesterday (March 10, 2009). In what is believed to be a ‘first’ for any automotive company in Hong Kong, Ferrari presented the new 612 Scaglietti ‘One-To-One’ to its Hong Kong owner, Mr Didier Li, on board ‘Huan’, a Chinese Junk ship – for the record, that’s how these sailling vessels are called.