Ferrari launches 2018 F1 car

MARANELLO, Italy -- Ferrari has unveiled its 2018 Formula One car at an event at its headquarters in Maranello.

After challenging Mercedes for the title and falling short in 2017, high expectations surround the new car as the team aims to end its ten-year championship drought by the end of the season. It also carries the championship hopes of Sebastian Vettel and Kimi Raikkonen, with Vettel aiming to beat Lewis Hamilton to a fifth career title this year.

The car featured a predominantly red livery, including a red Halo, which carries the team's iconic logo on the very front. The presentation at a snow-covered Maranello came on the same day as Mercedes' launch at Silverstone, as the rival…