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
Mugello Circuit the walls are so close and you will smash into the tyres. It is not for Formula 1 and, if you lost the steering or the tyre pressure dropped or whatever, then it will be a big crash." Nevertheless, it holds a grade 1 FIA license, meaning it meets the standards to host a Formula 1 race. An unofficial track record of 1:21.035 was set by Romain Grosjean during the test. The winners of the Mugello Grand Prix for automobiles ("1919–1969: Circuito del Mugello, 1974–present: Gran Premio del Mugello") are: Mugello Circuit Mugello Circuit () is a race track in