Formula 1, technically known as the FIA Formula One World Championship is the highest class of single-seat auto racing that is sanctioned by the Fédération Internationale de l’Automobile (FIA). For those who think Formula is something emanating from a chemistry laboratory, it refers to a set of rules to be followed by the drivers and obviously the cars that they drive. Each year there are in fact two Formula 1 championships, one for the drivers and another for the manufacturers. Each team consists of a maximum of two drivers who can themselves be in deep rivalry.