Ferrari Cutting Emissions

Ferrari intends to cut its vehicles' greenhouse gas emissions and is working on developing hybrid vehicles, the company president said Saturday, July 5th.
"We want to reduce our CO2 emissions by 40% between now and 2012," said Luca Cordero di Montezemolo to a German newspaper. He was quoted saying "we are currently working on the development of a Ferrari that will use alternative energy sources," which could include a hybrid system.
The automaker may develop a road version of the Kinetic Energy Regeneration System (KERS) its F1 team will use next season. A mild hybrid system that relies on regenerative braking, a KERS-equipped road going Ferrari would store captured energy in a battery powering an electric lightweight construction, and speculation is that future Maranello cars may squeeze similar performance numbers out of smaller engines, such as a turbo V-6. Combine this with a bio-ethanol fuel like E85, and CO2 emissions could drop even further.
Such a vehicle would be ready to go on the market around 2015.
When di Montezemolo was asked about the likelihood of fans of the powerful red sports cars buying a Ferrari with a hybrid or electric engine, he replied: " Yes, of course. It's the best sports car in the world. It's still fundamentally a Ferrari."

My sources are motortrend.com and afp.google.com.