Photos: Ferrari's new red racer

Think you have to be rich to own a Ferrari? Well you have to be really well-heeled (and probably a good driver) to get your hands around this steering wheel.

The FXX Evoluzione was unveiled Sunday along with Ferrari's announcement that it is extending its invitation-only FXX program to 2009. The FXX program lets an elite group of Ferrari clients race and schedule private track sessions with the latest Ferrari prototype on test tracks around the world. Admission to the program is rumored to be about $2.5 million. In exchange, client test drivers get to drive the car only on special Ferrari-run track days. For the 2008/2009 season, a total of six test track "races" will be offered in North America, Europe, and Asia, as well as a finals race in Italy.

Caption text by Candace Lombardi, CNET News.com