What is 'formula one'?

What is 'formula one'?

Formula one is an international form of racing that is probably from a technology standpoint, arguably the ultimate form of racing as far as the technology that is brought in and the aerodynamics and everything that's built into the cars. It is also the most expensive form of racing in that teams will spend hundreds of millions of dollars a year putting out a two car team. They travel all over the world. Again they probably have the fastest cars, road racing cars because of the technology that it has allowed in formula one. The aerodynamics, the tire technology, everything is just a whole package that is the ultimate, fastest form of road racing.