The new Ferrari Formula One racing car was unveiled on the team's website Monday.

The new car is called F60 after the number of championships the legendary Italian team has competed in - 15 of which a Ferrari driver has won.

Designers said the car cost less than its most recent predecessors and was ''built to overtake''.

After its debut on the Web - which overloaded the site - the car had a set-up run-out at the Mugello track near Florence because Ferrari's home track at Maranello near Bologna was iced out.

Reporters said the car, with its thin, pointy snout, looked ''a bit like a ferret''.

The last of Ferrari's 15 drivers' championship wins was in 2007 with Kimi Raikkonen.

It won its 16th constructors' championship this year - when Felipe Massa was pipped to the driver's title by Lewis Hamilton of McLaren, by a point.

It was Ferrari's 8th constructors' win in ten years.