Formula One World Drivers' Championship was not formalised until 1947. The first world championship race was held at Silverstone, United Kingdom in 1950. A championship for constructors followed in 1958. National championships existed in South Africa and the UK in the 1960s and 1970s. Non-championship Formula One events were held for many years, but due to the increasing cost of competition, the last of these occurred in 1983. On 26 November 2017, Formula One unveiled its new logo, following the 2017 season finale in Abu Dhabi during the Abu Dhabi Grand Prix at Yas Marina Circuit. The new logo replaced F1's iconic
Baku City Circuit Car, and Vettel locked up whilst trying to overtake Bottas on the Safety Car restart, dropping him behind Hamilton, Räikkönen and Sergio Pérez into 5th place. Bottas, however, suffered a puncture the lap after the restart and was forced to retire from the race, meaning that Lewis Hamilton eventually took the race victory, ahead of Räikkönen in second and Pérez in 3rd. Baku City Circuit The Baku City Circuit () is a motor racing street circuit located in Baku, Azerbaijan constructed near Baku Boulevard. A lap of the circuit is , making it the second-longest circuit on the Formula One