REVEALED: The 2015 Ferrari 488 GTB
Ferrari has unveiled that its going to be manufacturing its new turbo charged 2015 488 GTB (Gran Turismo Berlinetta), which will be the successor to the Ferrari 458.
The 2015 Ferrari 488 GTB uses a twin-turbocharged 3.9-liter V8 engine, which is significantly more powerful than the naturally aspirated 4.5-litre V8 used by the outgoing Ferrari 458 Italia.
Ferrari's new 488 utilizes variable torque management as it shifts through all seven gears which means that torque is delivered smoothly and powerfully through the entire rev range.
During the manufacturing process, Ferrari's engineers have paid close attention to the sound coming from the exhaust and vehicles the aerodynamics. The Ferrari 488 has 50 percent more down force and is much more aerodynamic when cutting through the wind when compared to the Ferrari 458.
Up front it’s got a double front spoiler, base bleed side intakes and, at the rear, active aerodynamics coupled with a blown spoiler. Also as is the norm for supercars, there is a wicked rear diffuser channeling air out back.
The 2015 Ferrari 488 GTB features a thoroughly refreshed design over the 458 Italia first revealed in 2009. For example, restyled headlights can be found at the front alongside enlarged air intakes and a new bonnet with large air extractors. At the side, massive air intakes are now present to feed the twin-turbo V8 while at the rear, the taillights have been restyled alongside a new dual tailpipe system, brand new diffuser setup and different grilles.
Due to the new design, the 2015 Ferrari 458 is more fuel-efficient than the Ferrari 458. The previous generation Ferrari 458 was rated at 21.2 combined MPG, while the 2015 Ferrari 488 returns an impressive 24.3-combined MPG.
Ferrari will not announce prices for the 488 GTB until the 2015 Geneva Motor Show in March, and even then UK pricing won’t be confirmed until later in the year when the exact standard specification has been finalized. Look to budget around $230,000 if you plan to buy one and even more if you also want some additional options. You will be able to order a 488 GTB as soon as it’s revealed at the show, and left-hand drive production is set to start in September of this year.
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.