Formula One or F1 racing is the most famous and the highest class of car racing. It is a racing championship that takes place annually, and the winner of this championship has to consistently earn higher points in each race to finish at the top when the season ends.
The FIA, or the International Automobile Federation, headed by Bernie Ecclestone, governs Formula One. The term "Formula" in the name refers to the set of rules that each driver's car has to follow. In addition to the driver's championship, the race also has a championship for the constructors, who are the manufacturers of the cars driven by a team of two drivers.