Ferrari says its new car, which is to be launched Friday, will be called the F138.

The name is a combination of the year and a tribute to the V8 engines which will be used for the last time this season, bringing an end to an eight-year run.

Ferrari President Luca di Montezemolo says "Friday is a very important day and the first race in Australia will be even more so. We are working very hard, with a huge amount of determination."