Formula 1 is the highest class of single-seater auto racing sanctioned by the FIA and owned by Liberty Group. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950. The «formula» in the name refers to the set of rules to which all participants’ cars must conform.
A Formula One season consists of a series of races, known as Grands Prix (French for «grand prizes» or «great prizes»), which are held worldwide on purpose-built circuits and public roads.
The previous F1 logo was used 23 years. This new logo was introduced at the end of 2017. It was created by Wieden + Kennedy branding agency.
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