Formula 1 is a world championship in circuit auto racing among cars with open-type wheels. Formula 1 (F-1) or “King formula” is the most popular and expensive high-tech auto racing.

F-1 World Championship is held every year consisting of separate Grand Prix, or stages. At year-end, the winner is announced. In F-1, both individual drivers and teams are competing. Drivers contest the World Champion title, and teams - the Designers Cup.

The teams participating in F-1 use made-in bolides at Grand Prix. Thus, the team’s objective does not consist in engaging a fast skilled driver and enabling competent adjustment and maintenance of the automobile alone, but designing and developing a bolide from point zero.

In view of the facts the teams create bolides on the basis of made-in technologies, and competition among teams is rather high, F-1 constantly stimulates generating original technical solutions leading to significant progress of either racing bolides, or road cars. However, in the course of time, the Formula’s role of the progress engine in the automotive industry is gradually reducing: on the one hand due to the fact, that only few technical solutions could be transferred to the serial car without significant modifications, and, on the other hand, due to general tendency of organizers to lower the teams’ expenses.

The most famous example of serial technology first shown in the F-1 World Championship should be considered the anti-skid system (ASS). First, the system was presented by Ferrari team in 1990. Then, after prohibition of ASS in 1994 season, manufacturers started gradual implementation of the technology in serial cars. The anti-skid system appeared sometimes in F-1, but soon was abolished again upon the pretext that such a complicated electronic equipment of the bolide would level many faults of a driver.

Bolides of the Championship participants should correspond to technical regulations of F-1, and comply with the shock resistance test. Regulations and all racing series are under control of FIA - Federation Internationale de l’Automobil (International Federation of automotive sports).

The order of conducting Grand Prix, obligations of teams and drivers are determined by sports regulations. Its provisions should be rigorously observed by all participants of the F-1 World Championship.

Two drivers from the same team may participate in Grand Prix in qualification and racing. Besides, in free laps on Friday, each team may engage the third driver, but only two cars may participate in the race.