At least for now, Ferrari hasn't said anything about price, but that may be announced at the Geneva Motor Show next month. The Pista, however, makes a mockery of these outputs and bumps them up to a whopping 530kW and 770Nm, making this the most powerful V8 engine in Prancing Horse history.
Although some of the changes to the standard 488 have undoubtedly made the 488 Pista a faster and more extreme performance auto, Ferrari is at pains to point out that other changes were made in order to make the car's performance more accessible for drivers of all abilities.
The design of the 488 Pista is focussed on functional aerodynamic concepts.
That engine will have less mass to push around, too, with Motor Authority reporting that the Ferrari 488 Pista will benefit from a dry weight of just 2,821 pounds - down from the 3,020 pounds of the regular 488 GTB. The Pista also gains carbon engine cover, bumpers and rear spoiler while 20-inch carbon-fibre wheel rims are optional - for the first time on a Ferrari.
The Maranello-based company had remained tight-lipped about its hardcore new auto, although more leaked images emerged yesterday revealing the vehicle's radical design and its Pista name - which means "track" in Italian.
The Pista has also lost some weight and incorporated technology from Ferrari's extensive on-track experience with the 488, which includes racing in both the United States and Europe. The weight savings result in a vehicle that's 90kg lighter than the original, at 1,280kg dry weight. Flat out, the 488 Pista can do 340km/h. Of course Ferrari's latest electronic go-fast goodies are also included with specially adapted Side-Slip Angle Control systems (SSC), limited slip differentials (E-Diff3) and adjustable magnetorheological dampers (SCM). 0-62 miles per hour comes in 2.85 seconds, while 0-124 miles per hour is a mere 7.6 seconds. Key components including a rear blown spoiler, F1-inspired S-duct, modified front air intakes, and a bold rear diffuser. But Ferrari isn't very good at releasing exact top speed figures, though, so it simply says the Pista can do "in excess of 211mph" as its top speed.