Formula 1 (English Formula One) – World Championship ring auto racing in cars with open wheels. Formula-1, or "King's formula" is the most popular, expensive and high-tech kind of racing. World Championship Formula 1 is held every year and consists of individual Grand Prix, or stages. At the end of the year revealed the winner of the championship. In Formula-1 compete as individual pilots and teams. Pilots compete for a world title, and team – for the Cup designers.

Teams participating in the Formula-1, a Grand Prix race cars of its own production. Thus, the task team is not just hire a fast and experienced pilot and provide competent setup and maintenance of machines, but generally from scratch to design and construct the car. As the team built race cars on their own because of the high technology and competition teams in Formula 1 ever born original technical solutions, leading to huge advances like racing cars and road cars. However, over time, the role of the Formula 1 as an engine of progress of the automotive industry gradually reduced: on the one hand due to the fact that a few technical solutions can be transferred without major changes in production vehicles, and on the other side – because the organizers of a series of common aspiration to reduce costs commands. The most famous example of a serial technology, first presented at the world championship of Formula 1, can be considered as traction system (APS). For the first time the system was presented Ferrari team in 1990. Then, after ban ARS in the 1994 season, the technology has gradually become introduced automakers to mass-produced cars. Traction control system as in Formula 1 for a while yet appeared, but soon was again abolished by the pretext that such a complex electronic "filling" car eliminates many of pilot error. Fireballs Championship participants must comply with the technical rules of Formula 1 and tested for impact resistance. Regulations and all the racing series has been run by FIA.