Europe is the central tradition of Formula One and remained a center until now. Now this Grand Prix has been held all over the world, with new races in Bahrain, China, Malaysia and Turkey. Formula One racing car is expensive both in terms of production and sports.
The rules set by the Fédération Internationale de l'Automobile (FIA), which is based in the Place de la Concorde, Paris. The current president is Max Mosley, and generally sponsored and managed by the official commercial rights holder Bernie Ecclestone through various companies.
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