Editing Formula One (section)

{{Short description|Motorsport championship held worldwide}}
{{Redirect-multi|3|F1|Formula 1|FIA F1 World Championship||F1 (disambiguation)|and|Formula One (disambiguation)|and|List of FIA championships}}
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{{Use British English|date=February 2018}}
{{Use dmy dates|date=February 2025}}
{{Infobox motorsport championship
|name            = Formula One
|logo            = [[File:F1 (registered trademark).svg|275px]]
|caption         = Formula One logo since {{F1|2018}}
|category        = [[Open-wheel car|Open-wheel single-seater Formula auto racing]]
|country/region  = International
|inaugural2      = {{F1|1950}}
|drivers         = 20
|teams           = 10
|chassis manufacturers = 10
|engine manufacturers = {{unbulleted list
|<!--[[WP:INFOBOXFLAG]]-->[[Scuderia Ferrari|Ferrari]]
|[[Honda RBPT]]
|[[Mercedes AMG High Performance Powertrains|Mercedes]]
|[[Renault in Formula One|Renault]]
}}
|tyres           = [[Pirelli]]
|champion driver = {{flagicon|NED}} [[Max Verstappen]] (2024)<br />{{small|([[Red Bull Racing]]-[[Honda RBPT]])}}
|constructor     = {{flagicon|GBR}} [[McLaren]]-[[Mercedes AMG High Performance Powertrains|Mercedes]] (2024)
|website         = {{URL|https://www.formula1.com/|formula1.com}}
|current_season  = {{CURRENTYEAR}} Formula One World Championship<!-- year updates automatically on 1 January, no need to update manually -->
}}
{{Formula One}}

'''Formula One''' ('''F1''') is the highest class of worldwide [[racing]] for [[open-wheel single-seater]] formula [[Auto racing|racing cars]] 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 [[1950 Formula One season|inaugural running in 1950]] and is often considered to be the pinnacle of motorsport. The word ''[[Formula racing|formula]]'' in the name refers to [[Formula One regulations|the set of rules]] all participant cars must follow. A Formula One season consists of a series of races, known as [[List of Formula One Grands Prix|Grands Prix]]. Grands Prix take place in multiple countries and continents on either purpose-built [[List of Formula One circuits|circuits]] or closed roads.

A [[List of Formula One World Championship points scoring systems|points scoring system]] is used at Grands Prix to determine two annual World Championships: [[List of Formula One World Drivers' Champions|one for the drivers]], and [[List of Formula One World Constructors' Champions|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 [[List of motor racing circuits by FIA grade#Grade One|Grade One tracks]], the highest grade rating the FIA issues for tracks.

[[Formula One cars]] are the world's fastest regulated [[Road racing|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 [[Ground effect (cars)|underbody tunnels]]. The cars depend on electronics, [[aerodynamics]], [[Car suspension|suspension]], and [[Formula One tyres|tyres]]. [[Traction control]], [[Launch control (automotive)|launch control]], [[automatic shifting]], and other [[Advanced driver-assistance systems|electronic driving aids]] were first banned in {{F1|1994}}. They were briefly reintroduced in {{F1|2001}}, and have more recently been banned since {{F1|2004}} and {{F1|2008}}, respectively.<ref>{{cite news |title=F1 bans traction control for 2008 |url=http://news.bbc.co.uk/sport2/hi/motorsport/formula_one/6511907.stm |website=BBC Sport |date=30 March 2007 |access-date=3 January 2020 |archive-date=3 January 2020 |archive-url=https://web.archive.org/web/20200103055756/http://news.bbc.co.uk/sport2/hi/motorsport/formula_one/6511907.stm |url-status=live }}</ref>

With the average annual cost of running a team—e.g. designing, building, and maintaining cars; staff payroll; transport—at approximately {{currency|220|GBP}} million,<ref>{{Cite news |last=Sylt |first=Christian |date=20 April 2020 |title=Formula One budget cuts are expected to crash 1,600 jobs |language=en |website=The Telegraph |url=https://www.telegraph.co.uk/business/2020/04/20/formula-onebudget-cuts-expected-tocrash-1600-jobs/ |access-date=14 June 2022 |archive-date=14 June 2022 |archive-url=https://web.archive.org/web/20220614061916/https://www.telegraph.co.uk/business/2020/04/20/formula-onebudget-cuts-expected-tocrash-1600-jobs/ |url-status=live }}</ref> Formula One's financial and political battles are widely reported. The [[Formula One Group]] is owned by [[Liberty Media]], which acquired it in 2017 from private-equity firm [[CVC Capital Partners]] for {{currency|8|USD}} billion.<ref>{{Cite news|last=Benson |first=Andrew |url= https://www.bbc.co.uk/sport/formula1/38723001|title= Bernie Ecclestone removed as Liberty Media completes $8bn takeover|date= 23 January 2017|newspaper= BBC Sport|access-date= 23 January 2017|quote= 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.|archive-date= 26 February 2020|archive-url= https://web.archive.org/web/20200226064633/https://www.bbc.co.uk/sport/formula1/38723001|url-status= live}}</ref><ref>{{Cite web|url=http://ir.libertymedia.com/news-releases/news-release-details/liberty-media-corporation-completes-acquisition-formula-1|title=Liberty Media Corporation Completes Acquisition of Formula 1|website=Liberty Media Corporation|access-date=7 December 2018|archive-date=12 December 2019|archive-url=https://web.archive.org/web/20191212034434/http://ir.libertymedia.com/news-releases/news-release-details/liberty-media-corporation-completes-acquisition-formula-1|url-status=dead}}</ref>