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Formula One (F1) is the premier global racing series for open-wheel cars, governed by the FIA and featuring a World Championship since 1950. The series includes multiple Grands Prix held worldwide, with a points system determining championships for drivers and constructors. Owned by Liberty Media since 2017, F1 cars are the fastest regulated racing vehicles, with a cost cap of $215 million for teams, although actual costs often exceed this limit.

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6 views1 page

Cars

Formula One (F1) is the premier global racing series for open-wheel cars, governed by the FIA and featuring a World Championship since 1950. The series includes multiple Grands Prix held worldwide, with a points system determining championships for drivers and constructors. Owned by Liberty Media since 2017, F1 cars are the fastest regulated racing vehicles, with a cost cap of $215 million for teams, although actual costs often exceed this limit.

Uploaded by

asifkahn2000
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© All Rights Reserved
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Formula 1

Formula One (F1) is the highest class of worldwide racing for open-wheel, single-
seater formula racing cars run by the Formula One Group and sanctioned by
the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World
Championship has been one of the world's premier forms of motorsport since
its inaugural running in 1950 and is often considered to be the pinnacle of motorsport.
The word formula in the name refers to the set of rules all participant cars must follow. A
Formula One season consists of a series of races, known as Grands Prix. Grands Prix
take place in multiple countries and continents on either purpose-built circuits or closed
roads, as street circuits.

A points scoring system is used at Grands Prix to determine two annual World
Championships: one for the drivers, and one for the constructors—now synonymous
with teams. Each driver must hold a valid Super Licence, the highest class of racing
licence the FIA issues, and the races must be held on Grade One tracks, the highest
grade rating the FIA issues for circuits.

The commercial rights to F1 are leased to Liberty Media Corporation, acquired in 2017
for an estimated $8 billion, previously owned by British business magnate Bernie
Ecclestone. The new ownership added five Grands Prix to the calendar: Miami, Las
Vegas, Saudi Arabia, Qatar and Dutch.

Formula One cars are the world's fastest regulated road-course racing cars, owing to
high cornering speeds achieved by generating large amounts of
aerodynamic downforce, most of which is generated by front and rear wings, as well
as underbody tunnels. The cars depend on electronics, aerodynamics, suspension,
and tyres. Traction control, launch control, automatic shifting, and other electronic
driving aids were first banned in 1994. They were briefly reintroduced in 2001 but were
banned once more in 2004 and later 2008.

The cost cap as of the 2026 season stands at US$215 million, but the actual total cost
of running an F1 team often exceeds that due to exclusions outside the cost cap. It is
because of this that Formula One's financial and political battles are widely reported.
The United Kingdom is the hub of Formula One racing, with six out of the eleven teams
based there.

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