mobile-bannertablet-bannerdesktop-banner

Ferrari Unveils New Muscle Car to Get Wall Street's Pulse Racing

Feb 03, 2015

Ferrari unveiled a new muscle car this Wednesday, as the luxury car maker prepares for its initial public offering on the New York Stock Exchange.

The 488 GTB can accelerate from 0 to 124 miles per hour in 8.3 seconds and incorporates "record-breaking" improvements in aerodynamic efficiency, Ferrari said in a public statement.

Engineers also incorporated lessons learned from Ferrari's XX programme, which makes professional racetrack cars available to "gentleman test-drivers" for extended testing and performance tweaks.

The unveiling comes as Ferrari prepares to list its first batch of shares, comprising a 10% stake in the company, on the New York Stock Exchange this June, followed by a public spin-off of the remaining shares by the end of 2015, the Wall Street Journal reports.

Check Out the Coolest Cars From the 2015 Detroit Auto Show

Acura introduces the new NSX at the (NAIAS) on January 12, 2015 in Detroit.
Acura introduces the new NSX at the (NAIAS) on January 12, 2015 in Detroit.Scott Olson—Getty Images
Acura introduces the new NSX at the (NAIAS) on January 12, 2015 in Detroit.
Detroit Auto Show 2015
Detroit Hosts Annual North American International Auto Show
Chevrolet unveils a new concept car bolt during a press preview on Jan. 12, 2015 in Detroit.
The Infinity Q60 concept car is displayed during the press preview on Jan. 13, 2015 in Detroit.
Ford Motor Co., Executive Chairman Bill Ford, left, and President and COO Mark Fields stand next to the new Ford GT on Jan. 12, 2015 in Detroit.
Inside The 2015 North American International Auto Show (NAIAS)
Detroit Hosts Annual North American International Auto Show
Detroit Hosts Annual North American International Auto Show
USA - Business - 2015 NAIAS - 2014 Mini Superleggera Vision Concept
US-DETROIT-NAIAS-AUTO SHOW
Scheduled for release in 2016, the Infiniti Q60 Coupe will have a turbocharged 3.0-liter V6 in a stunning aluminum body on Jan. 12, 2015 in Detroit.
Acura introduces the new NSX on Jan. 12, 2015 in Detroit.
Acura introduces the new NSX at the (NAIAS) on January 12, 2015 in Detroit.
Scott Olson—Getty Images
1 of 13
All products and services featured are based solely on editorial selection. TIME may receive compensation for some links to products and services on this website.