For months we have been seeing various renderings and spy shots as well as hearing tidbits of leaked information concerning the Ferrari F430 replacement. It has commonly been referred to as the Ferrari F450. However, we now have the official announcement on Maranello’s latest wondercar and it goes by the name Ferrari 458 Italia. Although we won’t get to see this car up close and personal until the Frankfurt Motor Show in September, we do have the official details as well as the first concrete pictures of this supercar.

The new direct-injection mid-rear mounted 4.5L V8 is seriously potent with 570 horsepower and 398 lb-ft of torque, of which, 80% is available at 3,250 rpm. This brilliant engine is mated with a 7-speed dual clutch gearbox sending power to the rear axle. Similar to the outgoing Ferrari F430, the new 458 Italia has an aluminum frame which provides a very low dry weight of only 3,042 pounds. So, what’s the real story here?

The Ferrari 458 Italia now has the distinction of being the first production model capable of breaking the 200 mph barrier with a top speed of 202 mph. And the sprint from 0 to 62 mph takes only 3.4 seconds. Even though this car is much more powerful that the aging F430, the 458 Italia is more fuel efficient with a combined rating of 17.1 mpg as well as significantly reduced CO2 emissions.