Spotted on the streets of Monaco: Giugiaro's One-Off 2005 Ferrari GG50

It's since Ferrari started, that designer Pininfarina was responsible for all Ferrari's design inside-and-out. But for those with a strong memory, Ferrari once decided to make a big "Ferrari Design Competition" in 2005 for the famous designers to create the ideal Ferrari. Luckily, Italian designer Giorgetto Giugiaro was one of the contenders.
This 2005 Giugiaro-designed Ferrari GG50 concept, which debuted at the 2005 Tokyo Auto Show, was spotted by Autogespot, in supercar-city, Monaco. From what we know, the vehicles still belongs to the Giugiaro family, so a member of the family was probably in-sight.
For the looks, the GG50 isn't Giugiaro's best design (simply look at the Giugiaro Mustang he designed in 2006); the headlights are too tiny, and the rear-end is too soft as well. Nevertheless, some design cues were actually quite good that we need to see it in a real Ferrari someday. The pronounced bulging hood, muscular hangover, and the sloping fastback roof are specially nice touches that give it a strong stance on the road.
Mechanically, the GG50 is actually based on the four-seater Ferrari 612 Scaglietti. But with the hatchback-like rear-end, the GG50 is about 4-inches shorter. But the sedate roof will accommodate a loading capacity of 270 liters. With the rear seatbacks folded down, it's loading capacity increases to 500 liters. What's best, the 5.7L V12 doesn't lose any of its power compared with the 612 Scaglietti. So output is 540 hp and 60 mph will come up in 4.2 seconds. Top speed is just below the 200 mph mark, at 199 mph!

So finally we can say, good shots from Autogespot. More pictures can be founded on their website.