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Ferrari Announces Italia Price Tag

Unveiled at the Frankfurt Auto Show, the 458 Italia has been the subject of dreams, after footage was seen of the car being tamed by F1 racer Michael Schumacher and its appearance in the video games Forza Motorsport 3 and Gran Turismo 5.

But that dream has a price.  Fiat president, Luca di Montezemolo, announced it will cost 197 000 euros (roughly $315 000 CAD) to get behind the wheel of the latest Ferrari.

The chairman also took the opportunity to announce that the first deliveries will take place in mid-January 2010.

Di Montezemolo also confirmed that the 458 Spider Italia is in the works, but then added that it could take several years before its arrival.