Nah, the nose cone looks just different enough to make it look like any other "racing car".
It's a rather small company making the toy, not one of the giant educational supply companies that suddenly bought out everyone else and wants to push us out of the business that brought them where they are...*cough* like McGraw-Hill... *cough*
We just received the item few days ago, so when I had to put the product data into the website/database, it cought my eye.
But the treaded tires, the red livery, the apparently blocked-out sponsorship on the rear-wing, red helmet...inspiration must have come from our three-time champ and the Prancing Horse.
So anyone else have an F1 car sighting appear in the oddest of places?