London: Red Bull unveiled their new car for 2007 in a rather muted ceremony in Barcelona on Friday.

The usually effervescing Formula One team dispensed with the razzmatazz, which is synonymous with the team and opted for the simple and pragmatism of simply launching their car.

"We want to challenge for podiums, we want to get in amongst the big boys as often as we can and make a significant step forward," team boss Christian Horner told reporters at the Circuit de Catalunya.

"Fifth place is obviously a target. To do that, we'd have to beat two manufacturer teams. But I think we've now got the infrastructure and strength in depth to achieve and compete for that. Obviously, our ultimate aims go far beyond that."

The team, seventh last season, have doubled their budget and personnel and have added Australian driver Mark Webber, who joined from Williams as team-mate to Briton David Coulthard.

Red Bull have high hopes for the RB3 which is the first designed for the team by technical guru Adrian Newey, who joined from McLaren last season.

"Undoubtedly some aspects of RB3 are 'McLarenesque' and are to some extent a development of the work I was doing when I was there," he said.

"In other areas, there are derivatives of what has been done here at Red Bull and, of course, there are some completely fresh ideas," he said.