Ferrari Cancels New F1 Car Launch Event in Italy

Italian sports car manufacturer Ferrari has cancelled the launch ceremony of its 2012 Formula 1 car because of the poor weather conditions in Maranello, Italy. The harsh wintry conditions left all of the Maranello area covered in snow on Feb. 1, 2012.

As it continued snowing, the Italian squad has decided to cancel its launch event and will now broadcast its car's unveiling on its website instead.

"It is still snowing heavily here in Maranello. Therefore, the launch ceremony of the new F1 car has been cancelled," Ferrari said in its official Twitter account.

"Pictures, interviews and technical analysis of the new car will be available tomorrow on www.ferrarif1.com."