Ferrari has just released the new 458 Italia Grand Am at the Fiorano Circuit. The 458 Italia Grand Am was developed in conjunction with Michelotto Automobili and based on the GT3 version of the V8 Ferrari Berlinetta. The 458 Italia Grand Am is a speed machine built to meet American regulations that differentiate it from the European counterpart. It generates power from a new V8 engine that develops 493 horses and has less efficient aerodynamics than the GT version.