Ferrari has offically announced the 458 Italia today, ending months of speculation as to the look of the new sports car. The new car does not stray too far from the styling of the f430, the car it is slated to replace, but has many new design cues that simply raise the bar, but tastefully (I am looking at you, Lamborghini). There isn’t much in the way of revolutionary news about the new prancing horse otherwise. It is powered by a direct injection v8 creating 560 hp, which should be enough to plant any owner firmly in the 200mph club, but comes as no surprise to those who have been following the rumours surrounding this car. This new car is good in a couple ways, in that it is Ferrari’s most fuel concious model to date, and will be priced similar to the outgoing f430. Here is to hoping Ferrari can move this beauty in this terrible economy.