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Ferrari has cancelled the launch ceremony of its 2012 Formula 1 car because of the poor weather conditions in Maranello.

As reported yesterday, the harsh wintry conditions had left all of the Maranello area covered in snow.

As it continued snowing today, the Italian squad has decided to cancel its launch event and will now broadcast its car's unveiling on its website instead.

"It is still snowing heavily here in Maranello. Therefore, the launch ceremony of the new F1 car has been cancelled," Ferrari said in its official Twitter account.