Advertisement
Canada markets open in 7 hours 28 minutes
  • S&P/TSX

    21,871.96
    +64.59 (+0.30%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CAD/USD

    0.7301
    -0.0000 (-0.00%)
     
  • CRUDE OIL

    83.02
    +0.17 (+0.21%)
     
  • Bitcoin CAD

    91,169.02
    +172.44 (+0.19%)
     
  • CMC Crypto 200

    1,401.97
    -12.79 (-0.90%)
     
  • GOLD FUTURES

    2,319.40
    -27.00 (-1.15%)
     
  • RUSSELL 2000

    1,967.47
    +19.82 (+1.02%)
     
  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     
  • NASDAQ futures

    17,335.75
    -14.25 (-0.08%)
     
  • VOLATILITY

    16.94
    -1.77 (-9.46%)
     
  • FTSE

    8,023.87
    +128.02 (+1.62%)
     
  • NIKKEI 225

    37,552.30
    +113.69 (+0.30%)
     
  • CAD/EUR

    0.6851
    +0.0001 (+0.01%)
     

Ferrari teases new 488 Spider supercar

Ferrari's new 488 Spider will have a V-8 turbo engine and a retractable hard-top roof that lowers in just 14 seconds. How fast is the car?

As if Ferrari fans don't have enough to drool over, the company is about to unveil a drop-top version of its 488 GTB mid-engine racer.

Like that supercar, the new 488 Spider will have a V-8 turbo engine. But for a roof, it will have a retractable hard top that lowers in just 14 seconds; and Ferrari promises it will be lighter weight than a typical soft-top convertible.

Aside from allowing divers to enjoy the sun and wind, the Spider can go from zero to 62 mph in three seconds, and reach a maximum speed of 203 mph.

"This is a car that is aimed squarely at clients seeking open-air motoring pleasure in a high-performance sports car with an unmistakable Ferrari engine sound," the luxury automaker said.

ADVERTISEMENT

Read More Supercar demand boosts McLaren sales to record

Ferrari said the 488 Spider will be the most "aerodynamically efficient" convertible that the automaker has ever built, thanks to the design of its new spoiler and underbody.

And since it's a Ferrari, engine noise is paramount. The car has an electric glass wind stop that that can be adjusted to one of three positions to guarantee comfort—and allow passengers to enjoy the "engine soundtrack" when it's fully lowered.

The 488 Spider will be unveiled at the Frankfurt Motor Show in September, and is expected to retail for around $275,000.