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Enter the world of the Official destination for Formula 1. Your go-to source for the latest F1 news, video highlights, GP results, live timing, in-depth analysis and expert commentary. Formula One is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile and owned by the Formula One Group. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950.