F1 Terminology

If you’re not up to date with F1 names and terminology then take a quick look through our list below:

• Formula One – is a strictly regulated single-seat car racing. The word “Formula” in Formula One refers to rules and specifications of cars. The cars used are the most advanced and sophisticated in the world. The detailed designs of the cars consider air flows under and over the car so that it can run at speeds faster than 300 kilometers per house.
• FIA – stands for Fédération Internationale de l’Automobile, the governing of body of the sport. It based in Place de la Concorde, Paris, France. The FIA, established on June 20, 1094, is a non-profit organization representing the interest of motoring people. The membership of FIA consists of 207 national member groups from 122 countries around the world. Max Moxly is the current president of FIA.
• Alpha Prema UK Limited – is the owner of the Formula One group including the Formula One Holding which is the holder of the commercials rights to Formula One racing.
• Bernard Charles “Bernie” Ecclestone – is Formula One Management’s president and chief executive officer. He is also a stake owner of Alpha Prema. Ecclestone is the primary authority of Formula One race.
• Concorde Agreement – is a contract that stipulates the rules and terms of teams in Formula One as well as their share in television revenues and prize amount. It is signed by The FIA, the Formula One Administration and the Formula One teams.
• Grand Prix – refers to a series of races participated in by Formula One drivers and constructors. Grand Prix literally means “grand prize” and the series of races is held in many countries around the world to determine the Formula One World Champion of the Season. The 2007 Grand Prix will be held in 17 countries - Australia, Malaysia, Bahrain, Spain, Monaco, Canada, USA, France, United Kingdom, Germany, Hungary, Turkey, Italy, Belgium, Japan, China and Brazil. The combined results of these games will determine two world champions, one for the driver and the other for the constructor.
• Constructor – is the maker of car combinations. Constructors find the best components like engines and chassis used. Some of the Formula One constructors are Vanwall, Cooper, Ferrari, Lotus, Tyrrell, McLaren, Williams, Benetton and Renault.
• Pit Stop – refers to the point where car stops for a moment to refuel, make mechanical adjustments, change tires and change driver.
• Circuit – is the course where the cars do the race. There are over fifty circuits around the world, and their designs greatly vary. Most circuits are designed in clockwise direction. Many countries invest huge amount of money to build new circuits to accommodate the Grand Prix. Malaysia and Bahrain are two countries that have specially made circuits amounting to millions of dollars in recent years. The benefit of the move is to increase inflow of tourism, thus affecting the economy in a positive way.