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One of the key aims during the design of the F2002 was a dramatic weight increase and the lowering of the centre of gravity, targeting more freedom for the race engineers to move ballast around to improve the ballast of the car. The chassis was completely new, both in terms of shape, which is a result of the car's aerodynamic development programme, and in terms of construction which has resulted in a considerable weight saving.
The suspension and steering system also underwent a major revision. Rory Byrne said at the launch: "There is a fundamentally new power steering system to comply with the new 2002 regulations forbidding the use of electronically controlled power steering. Again, a prototype version has been successfully tested on the F2001. Both front and rear suspension have been revised to maximise the performance of the Bridgestone tyres. The inboard end of the rear suspension has been completely revised to optimise the rear end aerodynamics. Almost all of the suspension components have been refined and many have been manufactured using new materials and manufacturing methods in order to reduce weight. "
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In essence this was by far the best Ferrari ever designed. In the 15 races it was fielded during 2002, the car won 14, 10 times in second place and another third place finish. The only race that was not won that year was the Grand Prix of Monaco, where Schumacher finished second to David Coulthard's McLaren. /-/ The new Ferrari was launched on 6 Februari, at 11am, in the 'Nuova Meccanica' pavillion at Ferrari HQ in Maranello. It was the start of an extremely successful season for the Scuderia, with a car that would eventually improve on the McLaren MP4-4 as the most dominating car (Senna and Prost gathered 199 points together and won 15 out of 16 races in a single season).
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