FIORANO, ITALY - Ferrari plans to introduce its completely revised 2012 car in early February.
Coming off a miserable season in which it won only one race, Ferrari President Luca Cordero di Montezemolo announced the team's plans late Wednesday at the automaker's Christmas party.
Fernando Alonso took Ferrari's only victory this year at the British Grand Prix in July. In the drivers' standings, Alonso placed fourth and teammate Felipe Massa was sixth.
Montezemolo says that "this year we showed we know how to lose, but now that's enough. It's time to start winning again."
In a September interview with The Associated Press, team principal Stefano Domenicali said Ferrari has been working "100 percent" on next year's car since July.