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2020 Ferrari 488 GT3 Evo arrives with new aero, same great Italian looks

The new Ferrari 488 GT3 Evo race car is here. And though it’s not a whole lot different than the 488 that debuted a few years back, Ferrari has a comprehensive round of changes coming its way for the 2020 racing season.  To start, the 488 retains its name. Ferrari released the F8 Tributo not too long ago, but the race car isnÂ’t changing along with the updated road car. Ferrari says the lionÂ’s share of work for this new 488 GT3 Evo is all in the aero. It spent over 18,000 hours performing simulations and wind tunnel testing to develop a new front end design. Now, the 488 has a smaller frontal section under the headlights, which allowed engineers to fit a pair of flicks to the front bumper. A redesigned splitter complements the new front bumper. The door shape has changed for better airflow efficiency, and the vents on top of the rear wing are larger than before. Ferrari says that all of this results in a more aerodynamic car that produces even more downforce than before. The wheelbase is slightly longer than last year (Ferrari doesnÂ’t say by how much). This was done to reduce tire wear and facilitate the carÂ’s transformation from GT3 to GTE. Ferrari says it focused on reducing weight, but it didnÂ’t say by how much. This allows the team to better place the ballast forced upon it from Balance of Performance rules. Some re-tuning of electronic systems was done. Traction control, ABS and the engine management system were all given a refresh in this car. Ferrari claims the engine software update improves reliability and “guarantees smoother, more precise torque delivery." Lastly, if youÂ’re racing with an older 488, thereÂ’s no need to fret. Ferrari says all these upgrades can be applied to the older car to bring it up to date. Chevy also recently debuted the C8.R race car, the mid-engine Corvette that will meet the 488 on the battlefield. 

Ferrari planning 458 Speciale Spider?

The Ferrari 458 comes from a long line of mid-engined V8 supercars to roll out of Maranello, from the 348 and F355 to the 360 and F430. Each has also bred a Spider version, and starting with the 360 Challenge Stradale (through the 430 Scuderia and 458 Speciale), a hardcore performance version. But combining the best attributes of Spider and performance model is relatively new territory for Ferrari, one which it attempted only with the limited-production Scuderia Spider 16M. And if the latest rumors are to be believed, it's about to go at it again.
Though we can't verify its sources, 4WheelsNews says it has double confirmation from within Ferrari that a 458 Speciale Spider is in the works. When reached for confirmation, Ferrari refused to comment, as it typically does on the prospect of new models yet to be announced. Given the precedent of the Scuderia Spider 16M, it would seem to make sense, but for the time being we'll have to chalk this one up as a rumor.
If it were built, the Ferrari 458 Scuderia Spider (or whatever it would ultimately be called) would take the best of the 458 Spider and 458 Speciale to pack the 600-horsepower version of Maranello's sweet-revving 4.5-liter V8 underneath a folding hardtop. The latter is something the 16M did not offer, but crucially, the new McLaren 650S Spider does. We'd also expect only a limited number to be produced at a suitable premium over the Spider's $257k MSRP and the Speciale's $288k sticker.

Ferrari stock falls after new CEO calls Marchionne's goals ‘aspirational’

MILAN — Ferrari's new boss sought to reassure investors that he would execute midterm targets set by his predecessor, Sergio Marchionne, but the stock has fallen by 12.5 percent since Wednesday after he described the goals to 2022 as "aspirational." Louis Camilleri was appointed chief executive of the Italian supercar maker on July 21, succeeding Marchionne, who fell seriously ill and later died after suffering complications following surgery. The sudden change jolted investors who had expected Marchionne, who nearly tripled Ferrari's value since taking it public in 2015, to stay on as CEO and chairman until 2021. It also left Camilleri, 63, to finish scripting a midterm strategy that will be presented in September and is meant to show how the company plans to achieve financial targets unveiled earlier this year, notably a goal to double core earnings to 2 billion euros ($2.33 billion) by 2022. In a post-results conference call with analysts, Camilleri said he and Marchionne, with whom he had interacted for years, shared the same ambitions for the company. The tobacco veteran, chairman and former CEO of Philip Morris International has served on the Ferrari board since 2015, while Marchionne in turn sat on the board of PMI. Asked about how he planned to deliver on the targets set by his predecessor, Camilleri said he would provide details during capital market days to be held on Sept. 17-18 at the company's headquarters in Maranello, Italy. "They are aspirational targets. At the capital markets day, we will tell you how we plan to get there," he said. "We will also have to disclose potential risks to that, but also significant opportunities that we see going forward." Ferrari's Milan-listed shares fell after the comments, and its shares on the New York Stock Exchange fell from a Wednesday high of $134.77 to $117.99 on Thursday morning. Tough act to follow At Ferrari, Camilleri has a tough act to follow. Marchionne orchestrated Ferrari's spinoff from parent Fiat Chrysler, positioned it as a luxury icon rather than a car manufacturer, and managed to do what few thought possible: sail through a self-imposed cap of 7,000 vehicles per year without sacrificing pricing power and exclusive appeal. When its share price hit a record high of 129.90 euros in June, the company that sold just under 8,400 vehicles last year was worth around 24 billion euros, almost as much as Fiat Chrysler, which shipped 4.7 million cars.