formula 1 is the highest class of single-seater auto racing sanctioned by the federation 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 name "formula 1" refers to a set of rules to which all participants' cars must conform. these rules cover everything from the cars' dimensions and weight to the engines and tires they use.
the first formula 1 world championship race was held on may 13, 1950, at silverstone circuit in england. the winner of that race was giuseppe farina, driving a alfa romeo 158.
the most successful driver in formula 1 history is michael schumacher, who won seven world championships. he is followed by lewis hamilton, who has won seven world championships as well.
the fastest lap ever recorded in formula 1 was set by juan pablo montoya in 2005. he lapped the circuit gilles villeneuve in montreal, canada, in 1:13.627 seconds.
the most expensive car in formula 1 history is the mercedes-amg petronas f1 w13 e performance. it is valued at around $20 million.
here are some additional information about the first years of formula 1:
– the first formula 1 season consisted of seven races, all held in europe.
– the first non-european race in formula 1 was held in argentina in 1953.
– the first formula 1 world champion was giuseppe farina, who won the title in 1950 and 1951.
– the first formula 1 world championship race to be held in the united states was the indianapolis 500 in 1950.
– the first formula 1 world championship race to be held in monaco was the monaco grand prix in 1950.
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