At this week’s 2010 Bologna Motor Show, Ferrari has devoted its stand to serve as storyboard showcasing the automaker’s racing heritage. The newest piece of that history takes the form of the Ferrari 458 Challenge, which is finally making its world debut.

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The 458 Challenge is the fifth model to get placed into a single-series racing program. The standard 458 Italia is already such a potent beast that the Challenge keeps the changes away from the engine bay leaving it with the same 570 horsepower as the standard 458 Italia. That said, the gear ratios and calibration of the dual-clutch transmission have been adjusted so that the Challenge generates more torque at lower revs.

Stiffer springs and a lower ride height help keep the body planted around the large Pirelli tires. That rubber hugs 19-inch forged alloys with a central locking nut. The brakes are upgraded to the newest setup that Brembo offers, and the system is paired with the ABS that debuted on the wild-child Ferrari 599XX.

Both the suspension and braking get a helping hand from something that has been reduced: weight. Ferrari has focused on reducing the thickness of the body panels, as well as introducing materials such as carbon fiber and Lexan.

All of the upgrades found on the Ferrari 458 Challenge result in a potent, track-ready machine that is faster than the 458 Italia it’s based on. The 458 Challenge hit Ferrari’s home Fiorano race track for numerous test sessions, and during the course of development, it was able to post lap times two seconds faster than the Italia. During testing, the 458 Challenge also pulled lateral grip numbers in the neighborhood of 1.6 g’s.

AB