ROME -- World champions Ferrari will unveil their new Formula One car on Jan. 26, the team said on Saturday.

Ferrari, with Michael Schumacher seeking a record seventh drivers' championship while they chase a sixth constructors' title in a row, will launch the 2004 challenger at their Maranello factory.

Main rivals Williams, with Schumacher's younger brother Ralf, and McLaren already have their 2004 cars out on the track in testing.

Ferrari have started the last two seasons with the previous year's car but new engine regulations mean they are almost certain to begin the championship in Melbourne on March 7 with the new chassis.