Welcome to F1Minute - Caterham unveil their 2012 car, the CT01.

Under their new guise as Caterham, Tony Fernandes and his team have revealed their 2012 challenger - officially launching it via F1 Racing magazine. Pictures of the car emerged yesterday, with the new nose design causing quite a stir. With the regulations changing so that the nose has to be of a lower height, there is a significant step at the bridge which gives the car a clunky and not particularly attractive look.

However, technical boss Mike Gascoyne believes they won’t be the only team heading in that direction, saying: “As we’re the first car out it is obviously stirring up a lot of debate, but because of the 2012 regulations, I think you’ll probably be seeing this type of nose on most of the cars this year.”

Meanwhile, team boss Tony Fernandes has given the squad a goal for the upcoming season saying: “Target wise, I have been quoted as saying I want us to score a point this year and that really has to be the aim. It has to be.”