Updated

Ferrari’s answer to the 690 hp Lamborghini Aventador?

The 730 hp F12berlinetta.

The Italian automaker’s latest supercar is also its most powerful. The front-engine coupe featuring a naturally-aspirated 7.3-liter V12 with what’s sure to be a screaming redline of 8,700 rpm.

Review: 2012 Lamborghini Aventador LP 700-4

Ferrari says the rear-wheel-drive car is capable of accelerating to 124 mph in 8.5 seconds, about as long as an average car takes to get to 60 mph. The top speed is 211 mph.

The compact two-seater is smaller, lighter and more aerodynamic than the Ferrari 599 it replaces, helping it achieve a 30 percent increase in fuel efficiency despite the performance gains.

Combined with the power, a 76 percent increase in downforce and a magnetorheological suspension system allow the F12berlinetta to lap Ferrari’s Fiorano test track in 1:23, faster than the company’s legendary  $659,330 Enzo of 2002.

Pricing for the F12berlinetta has not been announced, but the 599 currently lists for $410,000.

The F12berlinetta will make its public debut at the Geneva Motor Show in March.

Click here for more from FoxNews.com Autos