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The current Formula One logo, introduced on 26 November 2017
Formula One (also known as Formula 1 or F1) is the highest class of international auto racing for single-seaterformula racing cars sanctioned by the Fédération 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 word 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, which take place worldwide on both purpose-built circuits and closed public roads.
The results of each race are evaluated using a points system to determine two annual World Championships: one for drivers, the other for constructors. Each driver must hold a valid Super Licence, the highest class of racing licence issued by the FIA. The races must run on tracks graded "1" (formerly "A"), the highest grade-rating issued by the FIA. Most events occur in rural locations on purpose-built tracks, but several events take place on city streets.
Max Rufus Mosley (born 13 April 1940) is the former president of the Fédération Internationale de l'Automobile (FIA), a non-profit association that represents the interests of motoring organisations and car users worldwide. A former barrister and amateur racing driver, Mosley was a founder and co-owner of March Engineering, a successful racing car constructor and Formula One racing team. In the late 1970s, Mosley became the official legal adviser to the Formula One Constructors Association (FOCA), the body that represents Formula One constructors. In this role he drew up the first version of the Concorde Agreement, which settled a long-standing dispute between FOCA and the Fédération Internationale du Sport Automobile (FISA), the then governing body of Formula One. Mosley was elected president of FISA in 1991 and became president of the FIA, FISA's parent body, in 1993. Mosley has identified his major achievement as FIA President as the promotion of the European New Car Assessment Programme (Euro NCAP or Encap), a European car safety performance assessment programme. He has also promoted increased safety and the use of green technologies in motor racing. In 2008, stories about his sex life appeared in the British press. Despite the controversy, Mosley retained his position. He stood down at the end of his term in 2009 and was replaced by his preferred successor, Jean Todt.