The F2001 was designed around new regulation changes which mandated a higher-mounted front wing assembly to reduce downforce. This resulted in a distinctive 'droopsnoot' nose section and spoon-shaped front wing. The season also saw the re-introduction of traction and launch control systems, therefore the car and its suspension were designed with this in mind.

Being somewhat of a departure over previous Brawn/Byrne Ferrari designs, the car was based more on McLaren's design thinking. A test with the 2000 car-which featured a high nose-that was adapted to the new regulations made that design impractical, so a low nose was adopted instead. However, the car did feature Ferrari trademarks, such as the periscope exhausts pioneered by the team in 1998 and the small bargeboards which were a feature of its predecessors. The F2001 used the same basic gearbox and internal layout as its predecessors, however the aerodynamic efficiency and tyre wear were improved considerably over the F300 (1998), F399 (1999) and F1-2000 (2000).

Setting up the car proved easier, and it was faster than the rival McLaren MP4-16, but the Williams FW23 — although aerodynamically inferior — was fitted with the massively powerful BMW engine, which was more than a match for...