It’s not very often that Ferrari releases a new mid-engined V8 supercar, so when it does, the world takes notice. And this just happened at the ongoing Geneva Motor Show.

Ferrari’s latest supercar takes the form of the F8 Tributo. This twin-turbocharged V8 monster aims to snatch away the performance crown from the McLaren 720S.

While we still need to wait until Ferrari allows anyone to drive the car in order to see if this has been achieved, the specs do make for good reading. The official video of the car, featured below, also makes very good viewing.

Eager to show off the supercar’s performance abilities both on glorious mountain roads and the racetrack, Ferrari took the F8 Tributo to a number of different areas. With a twist of the Manettino, the Ferrari F8 Tributo can be transformed from a (relatively) docile road car to an animal that can outperform most other cars on a circuit.

As mentioned, the F8 Tributo features a twin-turbocharged 3.9-liter V8 that pumps out 710 hp and 568 lb-ft (770 Nm) of torque, figures identical to the hardcore Ferrari 488 Pista. The Italian car manufacturer says the supercar can reach 62 mph (100 km/h) in 2.9 seconds, 124 mph (200 km/h) in 7.8 seconds and a 211 mph (340 km/h) top speed.

While everyone loves the performance promised, not everyone likes what Ferrari has done by deciding to maintain the aluminum platform of the decade-old 458 Italia. In fact, it wouldn’t be entirely incorrect to say that the Ferrari F8 Tributo is a revamped 488 GTB which itself was a heavily updated 458 Italia. Of course, that’s oversimplifying things, and we’re pretty sure Maranello’s designers and engineers have, once again, created something special, though we’ll only find it when the first reviews start pouring in.