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The Concorde Agreement is a contract between the Fédération Internationale de l'Automobile (FIA), the Formula One teams and the Formula One Group which dictates the terms by which the teams compete in races, and how the television revenues and prize money is shared. There have been eight versions of the Concorde Agreement, all of which terms ...
Oscar Piastri was signed to the Renault Sport Academy in 2020 as part of their Driver Development Program, which included racing in FIA Formula 3, FIA Formula 2 and testing in Formula One. [7] When Fernando Alonso signed for Aston Martin for the 2023 season, Alpine quickly announced Piastri's promotion to a racing seat. [8]
A Cadillac team is set to be part of Formula 1 racing in 2026, and it won't just be the American luxury brand's name on the cars competing against the likes of Ferrari and Mercedes in coming years.
Agag told Todt that he would take on the task because of his prior experience in negotiating contracts with television stations, sponsorship and marketing. [15] Since the 2020–21 season, Formula E is an FIA World Championship, making it the first single-seater racing series outside of Formula One to be given world championship status. [16]
The French drugmaker struck up a partnership with McLaren Racing in April 2022 with the aim of running Sanofi’s manufacturing lines using the same speed, precision, and efficiency of a Formula 1 ...
Renault's experience in the Renault Z.E. (Zero Emission) and Formula One programmes will be used to put to Formula E's advantage. [8] On the same day, Formula E unveiled the design of the Spark-Renault SRT_01E. The battery design was in the hands of Williams Advanced Engineering, part of the Williams Group to which the Formula One team belongs. [9]
The 2026 FIA Formula One World Championship is a planned motor racing championship for Formula One cars which will be the 77th running of the Formula One World Championship. It is recognised by the Fédération Internationale de l'Automobile (FIA), the governing body of international motorsport , as the highest class of competition for open ...
Formula One teams pay entry fees of $500,000, plus $5,000 per point scored the previous year or $6,000 per point for the winner of the Constructors' Championship. Formula One drivers pay a FIA Super Licence fee, which in 2013 was €10,000 plus €1,000 per point. [222] There have been controversies with the way profits are shared among the teams.