In the 2001 racing season Ferrari's new F2001 machine would capture the Constructors' and Drivers' Championships equipped with the longitudinally mounted 3000 Ferrari Tipo 050 V10 engine incorporating an electro-hydraulic 7-speed gearbox in pre-machined welded titanium. After the ban was lifted on traction control, launch control and other high-tech devices at the 5th race in Spain, the F2001 was finished with an arsenal of new equipment to further outclass rivals.