New Marussia Virgin Racing MVR-02 car

Formula One's Marussia Virgin Racing team unveiled the MVR-02 car at the BBC in London on February 7.

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© RIA Novosti . Alexandr Smotrov

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Formula One's Marussia Virgin Racing team unveiled the MVR-02 car at the BBC in London on February 7.

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© Photo : Virgin Racing

Last November, Russia's Marussia Motors acquired a significant stake in U.K.-based Virgin Racing. The team will compete under the Russian flag in the 2011 Formula 1.

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The team, with drivers Timo Glock of Germany, left, and Belgium's Jerome d'Ambrosio, will debut at the Bahrain Grand Prix on March 11-13.

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Marussia Motors aims to make the team competitive in the coming years, after it earned no points last season.

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© Photo : Virgin Racing

According to the Financial Times, Virgin Racing's 2010 budget stood at $64.4 million, and was one of the lowest among other F1 teams.

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© Photo : Virgin Racing

In accordance with a contract between Marussia Motors and Virgin Racing, the new racing car retains the team colors of red, black and white used last season.

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Driver Timo Glock of Germany

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Driver Jerome d'Ambrosio.