Lotus Emira vs Ferrari 488

What's the difference?

If this really is the final petrol-powered Lotus sports car then it’s a sad day for fans of the brand and its history. But it’s also worthy of celebration because they have made a car that is genuinely impressive.

It may not be perfect, and it will have to fight hard to lure buyers away from Porsche, BMW and co. but for anyone who enjoys a dynamic, engaging and incredibly fun sports car the Emira should be on your short-list.

Alternatively, if you’ve always dreamed of buying a traditional Lotus sports car and haven’t got around to it until now, this is your last chance so don’t wait too long.

The Ferrari 488 Spider is a brilliant machine. It's properly supercar fast, in a straight line and around corners. It looks stunning, and attention to design detail, engineering refinement and overall quality oozes from its every pore.

Is it the best car I’ve ever driven? Close, but not quite. Others may disagree, but for what it’s worth, I think the Ferrari 458 Italia, in all its high-revving, naturally aspirated glory is still the sweetest ride of all.

As mentioned earlier, the Emira is meant to be a bridge between Lotus’ past and its future - combining elements of its previous sports cars while also laying the visual tone for future models.

The design does a good job of that, because there’s clearly a link to the Exige and Evora of the recent past, but it also takes heavy influence from the limited-run Evija hypercar.

In turn, this new design language will spread out across the all-new electric models, including the Eletre SUV and Emeya sports sedan.

The styling does a good job of making the Emira look and feel like a premium sports car, without the need for any flashy wings or similar. It’s a simple, compact but stylish sports car.

This trend carries over to the cabin, with the more premium finish with the carpets, leather and good quality switchgear, as well as the digital instrument display and 10.2-inch multimedia touchscreen. Gone are the days of a Lotus having a minimalist, exposed aluminium interior with only the bare necessities. This is a proper premium sports car.

Launched in 2015, the 488 is the fourth mid-engine V8 Ferrari based on the aluminium space-frame architecture unveiled with the 360 Modena back in 1999, and unlike its Pininfarina-penned predecessors, was designed in-house at the Ferrari Styling Centre, under the direction of Flavio Manzoni.

The key focus this time around was aero performance, including the additional breathing and cooling needs of the 488’s 3.9-litre twin-turbo V8 (relative to the 458’s 4.5-litre naturally aspirated unit); hence the car’s most obvious visual identifiers - substantial air intakes in each flank.

Measuring 4568mm nose-to-tail, and 1952mm across, the 488 Spider is marginally longer (+41mm) and wider (+15mm) than its 458 equivalent. That said, it’s exactly the same height at just 1211mm tall, and the 2650mm wheelbase is unchanged.

Ferrari is a past master when it comes to sneaky concealment of spectacular aero trickery, and the 488 Spider is no exception.

Inside, the design is all about simplicity and focus for the person with the steering wheel in their hands.

Upper elements of its F1-inspired double front spoiler direct air to the two radiators, while the larger lower section subtly pulls flow under the car where carefully tuned ‘vortex generators’ and a yawning rear diffuser (incorporating computer-controlled, variable flaps) dial up downforce without a significant drag penalty.

The ‘blown’ rear spoiler manages air from intakes at the base of the rear screen, its specific geometry allowing a more pronounced (concave) profile for the main surface to increase upward deflection and maximise downforce without the need for an oversize or raised wing.

Those side intakes are divided by a central, horizontal flap, with air from the upper section directed to exits over the tail, pushing the low-pressure wake directly behind the car further back to again reduce drag. Air flowing into the lower section is sent to the turbo engine’s air-to-air intercoolers to optimise intake charge. All brilliantly efficient and tastefully incognito.

Putting the engine in the centre of the car and fitting only two seats doesn’t just pay off dynamically, it delivers the perfect platform for visual balance, and Ferrari has done a superb job of evolving its ‘junior supercar’ with a nod to the line’s heritage and an eye on extending its reach.

The tension across its multiple curved and contoured surfaces is beautifully managed, and the Spider’s crouching stance screams power and single-minded purpose.

Inside, while the passenger might be enjoying the ride, the design is all about simplicity and focus for the person with the steering wheel in their hands. 

To that end, the slightly angular wheel houses a host of controls and displays including a very red start button, driving mode ‘Manettino’ dial, within-thumb’s-reach buttons for indicators, lights, wipers and ‘bumpy road’ (more on that later), as well as sequential max rpm warning lights across the top of the rim.

The steering wheel, dash, doors and console are (optionally) carbon-rich, with the familiar buttons for Auto, Reverse and Launch Control, now housed in a dramatic arching structure between the seats.

The compact instrument binnacle is dominated by a central rev-counter with digital speedo inside it. Readout screens for on-board info across audio, nav, vehicle settings, and other functions sit either side. The seats are grippy, lightweight, hand-crafted works of art, and the overall feeling inside the cockpit is an amazing mix of cool functionality and special event anticipation.

While it’s a more luxurious Lotus, it remains a compact and impractical sports car - and that’s very much on brand. In terms of storage inside the cabin, there are two cupholders and a small lidded console box, but the size of the cabin means everything is quite narrow and feels a little tight for space.

There is a decent sized, although not very deep, shelf behind the seats, so you can put smaller, softer items there and hope they don’t slide around too much.

In terms of actual luggage space, there isn’t much. There’s a small boot behind the engine, and while deep, it’s pretty narrow so you’ll only get soft bags in there if you plan on taking your Emira on a road trip.

Okay, so how do you approach practicality in a car that’s so obviously not engaged with the concept?

Best to say there’s cursory consideration in terms of cabin storage, with a modest glovebox, small pockets in the doors, and a pair of piccolo-sized cupholders in the console. There’s also a net and some general oddments space along the bulkhead behind the seats. 

But the saving grace is a generous, rectangular boot in the nose, offering 230 litres of easy-to-access load space.

Another attribute fitting broadly under the heading of practicality is the retractable hardtop which smoothly unfolds/retracts in just 14 seconds and operates at speeds up to 40km/h.

Let’s get the big number out of the way. The Ferrari 488 Spider costs $526,888 before on-road costs.

Included in that not inconsequential figure is the ‘E-Diff3’ electronically-controlled differential, ‘F1-Trac’ traction control, ASR & CST, ABS, an anti-theft system, carbon-ceramic brakes, Magnaride shock absorbers, dual-zone climate control, racy leather seats, bi-xenon headlights with LED running lights and indicators, keyless start, Harman multimedia (including 12-speaker, 1280-watt JBL audio), 20-inch alloy rims, tyre pressure and temperature monitoring, and… a car cover.

But that’s just the starting point. Any self-respecting Ferrari owner will need to put a personal stamp on their new toy and the prancing horse is happy to oblige.

If you want an exterior colour to match your favourite polo pony’s eyes, no problem, the Ferrari Tailor-Made program will do whatever it takes. But even the standard options list (if that makes sense) offers more than enough scope to make an already spectacular four-wheel statement even more distinctive.

Our test car featured six new Mazda3’s worth of extras. That’s just under $130k, with the highlights being more than 25 grand in exterior carbon-fibre, $22k for the special, two layer, iridescent effect ‘Blue Corsa’ paint, over $10k for chrome painted forged rims, and $6790 for Apple CarPlay (standard on the Hyundai Accent).

But you’ve got to remember an inverse logic applies here. While some may see $3000 for cavallino rampante shields on the front wings as somewhat pricey, to a proud Ferrari owner they’re badges of honour. In the yacht club carpark, showing off their latest acquisition, you can script the satisfied boast - ‘That’s right. Two grand. Just for the floor mats!’

The MY24 Emria first arrived in Australia with the same Toyota-built 3.5-litre V6 engine Lotus had used in recent years in the likes of the Exige and Evora. However, this new AMG-built four-cylinder provides a fresh choice.

Importantly, while built by Mercedes-AMG, the tuning and calibration is unique to Lotus (but we’ll discuss that in detail later).

That means the 2.0-litre unit is tuned to make 268kW/430Nm, which is less potent than AMG offers in its 310kW/500Nm A45 hot hatch, although a more potent version of the four-pot Emira has been confirmed for MY25.

The engine is paired with an eight-speed dual-clutch auto transmission, which you can either leave in automatic mode or change gear manually using the F1-style paddles on the steering wheel.

The 488 Spider is powered by an all-alloy, mid-mounted 3.9-litre, twin-turbo V8, featuring variable valve timing and dry sump lubrication. Claimed outputs are 492kW at 80000rpm and 760Nm at a usefully low 3000rpm. Transmission is a seven-speed 'F1' dual clutch driving the rear wheels only.

Given the Emira is a sports car, the four-cylinder turbo is tuned for performance over economy and that’s reflected in an 10.1L/100km return on the combined (urban/extra-urban) cycle. That’s not too bad for a sports car, but is relatively thirsty given the engine capacity and the overall size of the car.

The Emira is equipped with a 60-litre fuel tank, so it has a driving range of approximately 594km.

Just to be clear right up front, the score for this section is heavily biased towards the car's dynamic attributes, because frankly the Emira can be hard to live with at times.

At urban speeds the powertrain feels like a dog straining at its leash, which can result in some awkward moments.

For example, there were multiple instances where the gearbox refused to change out of second gear when exiting a roundabout, letting the engine rev quite hard and likely annoying my neighbours.

Some of the gear changes can be clunky too, not slotting as sweetly as they should on a sports car costing in excess of $200K.

However, you forget all that when you get the Emira onto a stretch of twisty, winding open road (preferably smooth tarmac) and move it from the 'Tour' to 'Sports' mode. The car comes alive, revving hard, shifting with precision and feeling like a puppy running through a field in pure ecstasy.

Like the great cars to come before it from Lotus, the Emira is in its element carving through corners. The steering is incredibly accurate, direct and responsive - as good as any sports car I’ve driven in recent memory. The chassis responds to those inputs with immediacy, too, feeling nimble, agile and engaging.

This is Lotus at its best.

We had the rare opportunity of driving the 488 Spider on road and track with Ferrari Australasia handing us the keys for a rural run from Sydney to Bathurst, followed by some private bonding time on the roads around town, then a batch of unrestricted hot laps on the Mount Panorama circuit in the lead up to this year’s 12 Hour race (which the scuderia won in emphatic style with the 488 GT3).

On the freeway, cruising at 110km/h with roof open, the 488 Spider is civilised and comfortable. In fact, Ferrari claims normal conversation at speeds over 200km/h isn’t a problem. Top tip (no pun intended) is to keep the side glass and small electric rear window raised to minimise turbulence. With the roof up, the 488 Spider is every bit as quiet and refined at the fixed roof GTB.

The 458 Italia atmo V8’s rising fortissimo howl is one of the world’s greatest mechanical symphonies.

Even with the multi-mode Manettino in its regular ‘Sport’ setting and the seven-speed ‘F1’ dual-clutch gearbox in auto, all it takes is a gentle crank of the right ankle to despatch pesky road users with the temerity to impede the 488’s progress.

On the quiet, open and twisting roads around the outskirts of Bathurst we may have flicked the switch to ‘Race’, slipped the gearbox into manual and given the 488 Spider a nudge. In some sweeping corners on Mount Panorama we might have even tested Einstein’s theory that matter bends the fabric of space and time. In short, we were able to get a good feel for the car’s dynamic abilities, and they are monumental.

Relative to the 458, power is up a lazy 17 per cent (492 v 418kW), and turbo-fed torque leaps a staggering 41 per cent (760 v 540Nm), while kerb weight is trimmed by 10kg (1525 v 1535kg).

The result is 0-100km/h in 3.0 seconds (-0.4sec), 0-400m in 10.5 (-0.9sec), and a maximum velocity of 325km/h (+5km/h).

If you must know, given fuel efficiency and emissions performance was the key driver behind Ferrari’s move to a turbo powerplant, all this is balanced by claimed 11.4L/100km combined economy (down from 11.8 for the 458).

A full blown launch in this car is like lighting the wick on an Atlas rocket, with a seemingly never-ending surge of thrust pinning your back to the seat, and each pull of the column-mounted carbon gear paddle delivering a seamless and near instantaneous shift. Ferrari claims the 488’seven-speed ‘box shifts up 30 per cent quicker, and down 40 per cent faster than the 458’s.

The lofty summit of the twin turbo’s torque mountain arrives at just 3000rpm, and once you’re up there it’s a table top rather than a peak, with more than 700Nm still on call at close to 7000rpm.

Maximum power arrives at 8000 (perilously close to the V8’s 8200rpm rev ceiling), and the delivery of all this brute force is impressively refined and linear. To improve throttle response, the compact turbos incorporate ball-bearing-mounted shafts (rather than the more common sleeve bearing type), while the compressor wheels are made from TiAl, a low-density titanium-aluminium alloy. As a result, turbo lag simply isn’t in the 488’s vocabulary.

And what about the sound? On its way to 9000rpm the 458 Italia atmo V8’s rising fortissimo howl is one of the world’s greatest mechanical symphonies.

Maranello’s exhaust engineers allegedly spent years fine-tuning the 488’s aural output, developing equal length tubes in the manifold to optimise harmonics before gas flow reaches the turbos, to get as close as possible to the high-pitch wail of a naturally aspirated Ferrari V8. 

All we can say is the 488’s sound is amazing, immediately turning heads on contact... but it ain’t no 458.

Using the 488 Spider’s incredible dynamic ability to translate forward momentum into lateral g’s is one of life great pleasures.

Supporting the double wishbone front and multi-link rear suspension set-up is a host of high-tech widgets including the tricky E-Diff3, F1-Trac (stability control), High-Performance ABS with Ferrari Pre-Fill, FrS SCM-E (magnetorheological shock absorbers), and SSC (side-slip control).

Combine that with the active aero quietly turning the car into a four-wheel suction cup, plus ultra-high performance Pirelli P Zero rubber, and you have amazing grip (the front end especially, is incredible), perfect balance and stunning corner speed.

Our Mount Panorama blat confirmed the 488 Spider remains poised and throttle steerable through corners and curves at ludicrous speeds.

Chasing gears into the top of the ‘box up mountain straight made the lights on the upper rim of the steering wheel look like a fireworks display. The Spider transmitted its every move across the top of the circuit through the lightweight seat, and the very fast blast into The Chase at the bottom of Conrod Straight was other-worldly. Set the car up on entry, keep squeezing the throttle, grease in just a fraction of steering lock, and it just blazes through like a high-speed hovercraft, at 250km/h-plus.

More time back outside Bathurst confirms feel from the electro-hydraulic rack and pinion steering is brilliant in the real world, although we did notice the column and wheel shaking in our hands over bumpy backroads.

The quick fix there is a flick of the ‘bumpy road’ button on the steering wheel. First seen on the 430 Scuderia (after then Ferrari F1 hero Michael Schumacher pushed for its development), the system de-links the shock absorbers from the Manettino setting, providing extra suspension compliance without sacrificing engine and transmission response. Brilliant.

Stopping power comes courtesy of a ‘Brembo Extreme Design’ system derived from the LaFerrari hypercar, which means standard carbon-ceramic rotors (398mm front, 360mm rear) clamped by massive calipers - six piston front, four piston rear (our car’s were black, for $2700, thank you). After multiple stops from warp speed to walking pace on the circuit they remained firm, progressive, and hugely effective.

In terms of active safety the various driver aids mentioned above do their part to avoid a crash, and if the worst comes to worst dual front and side airbags are in place.

The 488 Spider has not been rated for safety performance by ANCAP.

Lotus Australia offers a three year warranty, which is in line with Porsche's cover, so that’s competitive in the sports car market. 

However, the brand does not offer capped price servicing, so you’ll need to discuss with your local dealer how much regular maintenance will cost you. The service intervals are every 12 months/15,000km.

The Ferrari 488 Spider is covered by a three year/unlimited km warranty, and purchase of any new Ferrari via the authorized Australian dealer network includes complimentary scheduled maintenance, through the ‘Ferrari Genuine Maintenance’ program for the first seven years of the vehicle’s life.

Recommended maintenance intervals are 20,000km or 12 months (the latter with no km restrictions).

Genuine Maintenance attaches to the individual vehicle, and extends to any subsequent owner within the seven years. It covers labour, original parts, engine oil and brake fluid.