Ferrari SpA is expected to unveil “a significant new model” at the Geneva Motor Show next month. Sources identify the car as the replacement for the 575 Maranello.

Known internally as the “600 Imola” program, the new Ferrari is based on the new 612 Scaglietti, although it has a shorter wheelbase.

Ferrari will show 599 GTB at Geneva.

The Geneva Motor Show website identifies the car as the Ferrari 599 GTB and features photographs of the 2-seat coupe, in blazing red.

Sources say the entire body will be made of aluminium. Power will come from a 12-cyl. engine that sources say will be rated at more than 600 hp.

Ferrari's corporate sibling, Alfa Romeo SpA, will present its new 159 Sport Wagon at the Geneva show. The vehicle was supposed to be unveiled at the Bologna Motor Show in December.

A source says the wagon production has been delayed due to a slow rampup of the 159 Sport Sedan. The 4-door replacement of the Alfa 156 is slow coming to market, primarily because of the higher quality standards set by the current management.

Alfa Romeo also plans to debut at Geneva the Brera Spider, which originally was designed by Giorgetto Giugiaro of Italdesign. (See related story: Skepticism Greets Fiat Group's 2006 Forecast)

The new Brera Spider is built by Italy's Pininfarina SpA alongside the Brera coupe.

Sources also say Alfa Romeo is considering adding a smaller car to its range, perhaps a front-wheel-drive compact for entry-level buyers.

The new Alfa Romeo would be derived from the new Fiat Punto platform and would be placed in the European “C” segment, half a step below the current Alfa Romeo 147.

The new car reportedly is expected to reach the European market in 2007.

The Geneva Motor Show is open to the public March 2 to 12.