Here we have the winner of the Ferrari World Design Contest 2011, where 50 universities from around the world competed. This winning Ferrari design was constructed by three students from theHongik University of Seoul, South Korea. They call it the Ferrari Eternit, and have the inital 2D rendering, 3D computer model, as well as a 1:4 scale model on display. ChairmanLuca di Montezemolo of Ferrari was impressed with the results, and praised the students for their hard work and creativity while competing in the Ferrari World Design Contest. Hit the jump to see the other two finalists concepts, and stay tuned for a future Ferrari that could use some of these styling ideas.

1. Eternit Kim Cheong Ju, Ahn Dre and Lee Sahngseok Hongik University (Seoul)

2. Xezri Samir Sadikhov (Azerbeidzjan) IED (Turin)

3. Cavallo Bianco Henry Cloke (UK) & Qi Haitao (China) Royal College of Arts (London)