Ferrari unveils its Bio Fuel-powered F430 spider — “runs on the familiar mix of 85% natural ethanol and 15% gasoline.” This upgraded 4.3L power plant now pushes an impressive 500hp. Click here for first picture in gallery.

The bio fuel car on display in Detroit is still labeled a concept, but the company says that it’d like to put it into production as part of its efforts to reduce fuel consumption and cut emissions 40% by 2012

[via Autoblog]

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