Jerez, Spain - Red Bull officially unveiled its car for the 2009 Formula One season Monday at the Spanish Jerez circuit.

The new RB5 car, which was presented by Red Bull drivers Mark Webber and Sebastian Vettel, is powered by a Renault engine designed by Adrian Newey and encompasses the far-reaching regulation changes that have been brought in to cut costs for the 2009 season.

"The team is well prepared to profit from the rule changes," said team principal Christian Horner, who is hoping Vettel can repeat his feat of last year at the Italian Grand Prix while still at Toro Rosso by securing Red Bull's maiden F1 win.

"With these new rules there is absolutely no reason why we shouldn't be able to achieve it," said Horner.

Red Bull will also looking to improve on their seventh-place finish in last season' constructors' championship.

Vettel is due to give the car its maiden run on Monday, while Webber will get his first lap practice on Wednesday since breaking his leg in a cycling accident late last year. (dpa)