Formula 1: Ferrari unveils new 248 at Mugello

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Ferrari took the wraps off its 2006 V8 challenger at the Mugello circuit in Italy Tuesday.

The creator of
the Ferrari 248 F1, Aldo Costa, said the new car features radical mechanical and aerodynamic changes, although, as with
yesterday’s unveiling of the new McLaren, he hastened to point out that the aero package would undergo significant
development before the first race of the season in Bahrain.

More after the jump!

[Thanks for the
tip, dinges!]

When asked about the team’s continued reliance on Bridgestone tires, Ross Brawn indicated that Ferrari were in a much
better position than last year, aided by the rules change to allow tire changes during pit stops (which places less
emphasis on long-run performance) and by the greater number of Bridgestone teams this year, which should speed tire
development. When asked to compare the V8 car to last year’s V10, Brawn said he expected lap times to be one or two
seconds slower, even with better tires.

Also worthy of note is the return of beverage company Martini and
Rossi to Formula 1. The company announced their sponsorship of Ferrari F1 yesterday, on the heels of an earlier
announcement by computer maker Acer.

[Source: Ferrari]