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The car is referred to as the "Enzo Ferrari", "Ferrari Enzo", or just the "Enzo". The Enzo Ferrari is named after the founder of the business, Enzo Ferrari, race driver and entrepreneur who first created the Scuderia Ferrari racing team and then the Ferrari car manufacture.

Being one of the most powerful and fastest naturally aspirated (NA) cars, the Enzo sports many features found in Formula One cars. Interestingly, the McLaren F1 still remains the fastest naturally aspirated car despite being produced a decade before the Enzo. The Enzo makes use of many F1 technologies, such as sequential shift transmission and a body composed of light yet strong carbon fibre. Equipped with traction control and dynamic rear wing, the car also has features to improve the cars performance which are not allowed in Formula One. The Enzo was produced between two thousand and two and two thousand and four, with a total of four hundred units produced within the two years. Many Enzos trade for close to one million British pounds now.

The initial units produced were sold before the actual production even began. Ferrari sent letters to its existing customers who had purchased the F40 or F50, and three hundred and forty nine cars were sold in this effective manner. Additional cars were then produced due to the demand, bringing the total number of units to three hundred and ninety nine. The four hundredth Enzo was produced and then auctioned at the world renown Sotheby's auction house, selling for nine hundred and fifty thousand Euros, a sun which was presented to the Pope to aid the Tsunami survivors of two thousand and four. The money was presented by the legendary Ferrari driver Michael Schumacher.