Little fanfare as Ferrari present new F1 car

Reuters

Published Feb 24, 2017 02:02PM ET

Little fanfare as Ferrari present new F1 car

(Reuters) - Ferrari (NYSE:RACE) unveiled their new Formula One car, the SF70-H, on Friday with the minimum of fanfare after a disappointing 2016 season but plenty of hope among fans that the Italian team will return to winning ways.

The online presentation for a car that Ferrari needs to propel them back to the top, after failing to win any races last season, was short compared with some other teams' offerings.

Ferrari finished third overall in the championship, 70 points behind runners-up Red Bull although the 70 in the SF70-H designation alludes to the sportscar company's 70th anniversary.

The new car, with a prominent fin on the engine cover, was due to do a lap of Ferrari's Fiorano test track for a filming session on Friday.

"The lengthened nose and the arrow-shaped wing are a consequence of the regulations, as is the obvious fin on the engine cover," Ferrari said in a statement.

Under new regulations Formula One cars are lower and wider this season, and with bigger front and rear tyres, that should allow them to shave several seconds off each lap.

Former world champions Sebastian Vettel of Germany and Finland's Kimi Raikkonen were due to start pre-season testing for Ferrari in Barcelona on Monday.

Ferrari last won the constructors' championship in 2008 and the drivers' title with Raikkonen in 2007. Mercedes, who presented their car both online and on track at Silverstone on Thursday, have won both for the last three seasons.

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes