Formula One

Formula One
Formula One logo used from 2018–present
CategoryOpen-wheel single-seater Formula auto racing
Inaugural season1950
Chassis manufacturers10
Engine manufacturers
Tyre suppliersPirelli
Drivers' championUnited Kingdom Lewis Hamilton
Constructors' championGermany Mercedes
Motorsport current event.svg Current season

Formula One (also known as Formula 1 or F1) is the highest class of international auto racing for single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, which became the FIA Formula One World Championship in 1981, has been one of the premier forms of racing around the world since its inaugural season in 1950. The word formula in the name refers to the set of rules to which all participants' cars must conform.[1] A Formula One season consists of a series of races, known as Grands Prix (French for 'grand prizes' or 'great prizes'), which take place worldwide on purpose-built circuits and closed public roads.

The start of the 2018 Austrian Grand Prix

The results of each race are evaluated using a points system to determine two annual World Championships: one for drivers, the other for constructors. Each driver must hold a valid Super Licence, the highest class of racing licence issued by the FIA.[2] The races must run on tracks graded "1" (formerly "A"), the highest grade-rating issued by the FIA.[2] Most events occur in rural locations on purpose-built tracks, but several events take place on city streets.

Formula One cars are the fastest regulated road-course racing cars in the world, owing to very high cornering speeds achieved through the generation of large amounts of aerodynamic downforce. The cars underwent major changes in 2017,[3] allowing wider front and rear wings, and wider tyres, resulting in peak cornering forces near 6.5 lateral g and top speeds of up to over 325 km/h (200 mph).[4][5] As of 2019, the hybrid engines are limited in performance to a maximum of 15,000 rpm; the cars are very dependent on electronics and aerodynamics, suspension and tyres. Traction control, launch control, and automatic shifting, plus other electronic driving aids, have been banned since 2004 and 2008, respectively.[6]

While Europe is the sport's traditional base, the championship operates globally, with 13 of the 23 races in the 2021 season taking place outside Europe. With the annual cost of running a mid-tier team—designing, building, and maintaining cars, pay, transport—being US$120 million,[7][needs update] its financial and political battles are widely reported. Its high profile and popularity have created a major merchandising environment, which has resulted in large investments from sponsors and budgets (in the hundreds of millions for the constructors). On 23 January 2017, Liberty Media confirmed the completion of the acquisition of Delta Topco, the company that controls Formula One, from private-equity firm CVC Capital Partners for $8 billion.[8][9]

  1. ^ "Discovering What Makes Formula One, Formula One – For Dummies". Retrieved 14 September 2009.
  2. ^ a b "International Sporting Code" (PDF). FIA. 28 March 2007. Archived from the original (PDF) on 6 August 2009. Retrieved 30 August 2009.
  3. ^ Barretto, Lawrence. "F1 2017 rule changes the biggest for 'decades'". Retrieved 6 February 2018.
  4. ^ "VIDEO: Analysing 2017's massive rises in G-Force". Retrieved 8 August 2018.
  5. ^ Delaney, Michael (8 September 2019). "Monza Speed Trap: who is the fastest of them all?". Retrieved 14 September 2019.
  6. ^ "F1 bans traction control for 2008". BBC Sport. BBC Sport. Retrieved 3 January 2020.
  7. ^ Tovey, Alan (1 November 2014). "Formula One's vast costs are driving small teams to ruin". The Telegraph.
  8. ^ "Bernie Ecclestone removed as Liberty Media completes $8bn takeover". BBC Sport. 23 January 2017. Retrieved 23 January 2017. Bernie Ecclestone has been removed from his position running Formula 1 as US giant Liberty Media completed its $8bn (£6.4bn) takeover of the sport.
  9. ^ "Liberty Media Corporation Completes Acquisition of Formula 1". Liberty Media Corporation.