Purpose

I will try my best to provide detailed info on various cars and what is like to live with them, I have already produced a few for Jaguar-car-forums, I will do my best to be unbiased, but it will be hard for some cars. I will re-produce press releases and copy from other motoring news.
Showing posts with label Marenello. Show all posts
Showing posts with label Marenello. Show all posts

Thursday, 5 February 2015

The new Ferrari 488 GTB V8 debuts at Geneva: track-level performance and responsiveness for the road.

Ferrari 488 GTB: extreme power for extreme driving thrills

Forty years on from the unveiling of its first ever mid-rear-engined V8 model, the 308 GTB, the Prancing Horse opens a new chapter in its 8-cylinder history. The Ferrari 488 GTB provides track-level performance that can be enjoyed to the full even by non-professional drivers in everyday use. Its response times, nimbleness and on-the-limit driving guarantee a unique sense of exhilaration and unparalleled driving pleasure.

The new berlinetta brilliantly encapsulates Ferrari’s experience in both F1 and the WEC, where the 458 GT holds the World Championship title and has won its category in the last two editions of the 24 Hours of Le Mans. 

The new model also exploits to the full the know-how gleaned by Ferrari technicians over the last decade through the XX programme which makes extreme track-only cars available to gentleman test-drivers. The data yielded has made a significant contribution to the refinement of the electronic and vehicle control systems so that drivers can make the most of the incredible performance of this new car.


The Ferrari 488 GTB’s new 3902 cc V8 turbo is at the top of its class for power output, torque and response times, making it the new benchmark for this kind of architecture. The engine unleashes 670 cv at 8,000 rpm along with 760 Nm of maximum torque in seventh gear and a response time to the accelerator of just 0.8 seconds at 2,000 rpm. 

These figures are sufficient to allow the Ferrari 488 GTB to accelerate from 0-200 km/h in an astonishing 8.3 seconds and, when combined with the radical innovations introduced on all aspects of the car’s performance, lap the Fiorano track in just 1’23”.

The gearbox features Variable Torque Management which unleashes the engine’s massive torque smoothly and powerfully right across the rev range, while specific gear ratios deliver incredibly progressive acceleration when the driver floors the throttle. As is always the case, Ferrari’s engineers have dedicated great attention to perfecting the 488 GTB’s sound, creating a new soundtrack that is full, clear and totally distinctive, as expected from any Prancing Horse engine.

The car’s aerodynamics also made a pivotal contribution to performance: its 1.67 efficiency figure is a new record for a production Ferrari, and is the fruit of 50 per cent more downforce than the previous model and reduced drag. The greatest challenge was achieving these two goals simultaneously. Several innovative elements were specifically developed to do so, not least a double front spoiler, base bleed side intakes and, at the rear, active aerodynamics coupled with a blown spoiler. 

The aerodynamic underbody, which incorporates vortex generators, is highly sophisticated, too.

The Ferrari 488 GTB’s subsystems and electronic controls make its power and performance instantly available and controllable. It is, in fact, the most responsive production model there is, with razor-sharp response times comparable to those of a track car.

The evolved version of Ferrari’s side slip angle control system (Side Slip Control 2 - SSC2) is more precise and less invasive, providing greater longitudinal acceleration out of corners. Aside from integrating with the car’s F1-Trac and E-Diff, the SSC2 now also controls the active dampers which renders the car’s dynamic behaviour during complex manoeuvres even flatter and more stable.

Designed by the Ferrari Styling Centre, the new car features very sculptural flanks which are the key to its character. Its large signature air intake scallop is a nod to the original 308 GTB and is divided into two sections by a splitter. The wide front spoiler features a double profile to improve the thermal efficiency of the radiators positioned at the sides. At the centre two pylons are combined with a deflector which channels air towards the flat underbody. 

The broad, low tail is also dominated by aerodynamic solutions, including an innovative blown spoiler which generates downforce without increasing drag. This works in conjunction with an aggressive ramp angle for the diffuser which features active flaps. The greater height required for the diffuser was achieved by repositioning the exhaust tailpipes. The circular LED tail lights have also been redesigned. 

In the cabin, the seamless integration of the new satellite control clusters, angled air vents and instrument panel heightens the sense that the cockpit is completely tailored around the driver. Usability was the key word in the design, leading to an extremely sporty ambience that in no way compromises on comfort. 

There are plenty of classic Ferrari styling elements too, such as the clear separation between the dashboard and tunnel, the multifunctional steering wheel, the control switch bridge and wraparound seats. The graphics and interface of the infotainment screen have also been completely redesigned while the design of the car’s new key takes its inspiration from the car’s cylinder banks and allows keyless starts.

The Ferrari 488 GTB will make its world debut at the International Geneva Motor Show in March, but from today can be seen at www.ferrari.com.

Wednesday, 10 December 2014

Ferrari considering moving its Fiscal residance outside of Italy as it prepares for sell off

Ferrari is considering moving its fiscal residence outside Italy to save on corporate taxes as the supercar maker prepares for its spinoff from Fiat Chrysler Automobiles, people familiar with the matter said.
The carmaker, which uses the colors of the Italian flag in its logo, may follow in the footsteps of Fiat Chrysler, which is registered in the Netherlands, listed on the New York Stock Exchange and based in London for tax reasons, said the people, who asked not to be identified because the discussions are private.

Other options including keeping its Italian residence are still on the table, and a shift in its fiscal residency wouldn't affect its manufacturing and engineering operations in Maranello, about 190 kilometers (118 miles) south of Milan, the people said. A final decision will be made in coming months, the people added.
Fiat Chrysler declined to comment.
Ferrari shifting its corporate headquarters outside Italy would represent a symbolic blow for the country, which is struggling to end a cycle of recessions. Prime Minister Matteo Renzi is attempting to push through labor and tax reforms to make the Italian economy more competitive. Those efforts have already come too late for Fiat Chrysler and CNH Industrial NV, the truck and tractor maker spun off from Fiat in 2011. Both companies have already moved their headquarters to the UK from Italy.
Cutting debt
The move to spin off Ferrari is part of Fiat Chrysler's efforts to raise about $5 billion to cut debt. CEO Sergio Marchionne is meeting investors in the U.S. this week as Fiat Chrysler prepares to sell at least 87 million shares and a $2.5 billion mandatory convertible bond. The financing, which is backed by distributing 80 percent of Ferrari stock to Fiat Chrysler investors, will boost cash by $3.7 billion, Fiat said in a filing last week.
Fiat Chrysler and CNH will benefit from the UK's corporate tax rate declining to 20 percent next year from 21 percent. Income from patents will eventually be as low as 10 percent, offering potential for additional relief. By comparison, Italy's corporate rate is 31.4 percent. The country is ranked 56th in the World Bank's Doing business ranking, just after Turkey and Hungary. The UK is 8th.
Hampered by stifling policies, the Italian economy has stagnated over the past 14 years and contracted 10 of the last 11 quarters. Unemployment rates are near record levels, and thousands of Italians have left the country in search of a better future. Last year, the number of emigrants from Italy rose 19 percent to 126,000, according to statistics agency Istat.
Ferrari listing
Fiat Chrysler plans to list 10 percent of Ferrari by the third quarter of next year. The carmaker will trade in the U.S. and possibly a European stock exchange, according to the company. Milan is being considered as the secondary listing, with New York the main market, the people said.
London-based Fiat Chrysler hasn't commented on Ferrari's fiscal residence, but Marchionne, who is also Ferrari's chairman, insists the company's roots will remain tied to its traditional home regardless of financial decisions.
Ferrari "is Italian as it has always been," Marchionne said last month at a Fiat event at a test track in Balocco, Italy. "Capital markets are capital markets."