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Formula One Racing

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Formula One, abbreviated to F1 and also known as Grand Prix racing, is the highest class of single-seat open-wheel formula auto racing. It consists of a series of races, known as Grands Prix, held on purpose-built circuits or closed city streets, whose results determine two annual World Championships, one for drivers and one for constructors. The cars race at speeds often in excess of 320 km/h (200 mph), equipped, as of 2005, with Normally-aspirated V10 engines that produce around 950 bhp at just over 19000 rpm.

However, the formula has seen changes and evolutions through the history of the sport. The powerplants used have ranged from Normally-aspirated Straight-4 engines to Supercharged V16 engines, the levels of displacement have ranged from 1.5 litre to 4.5 litre, and the maximum reached power throughput has been around 1200 bhp. In 2006 a new Formula is about to be implemented, consisting of Normally-aspirated V8 engines with a displacement of 2.4 litres, the expected throughput is in the range of 750 bhp at 20000 rpm, furthermore a special emphasis is put on electronics, aerodynamics, suspension and tyres (tires).

Europe is Formula One's traditional centre and remains its leading market; however, Grands Prix have been held all over the world, and with new races in Bahrain, China, Malaysia and Turkey, its scope is continually expanding. As the world's most expensive sport, its economic impact is significant, and its financial and political battles are widely observed. Its high profile and popularity makes it an obvious merchandising environment which leads to very high investments from sponsors translating into extremely high monetary budgets for the Constructor Teams, however, in recent years several teams have gone bankrupt.

The sport is regulated by the Fédération Internationale de l'Automobile, with its headquarters in Place de la Concorde, Paris. Its present President is Max Mosley, and is generally promoted and controlled by the official commercial rights holder Bernie Ecclestone through a variety of corporate entities.

Source: Wikipedia

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