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
Circuit of the Americas The circuit was the first in the United States to be purpose-built for Formula One. The layout was conceived by promoter Tavo Hellmund and 1993 Motorcycle World Champion Kevin Schwantz with the assistance of German architect and circuit designer Hermann Tilke, who has also designed the Sepang, Shanghai, Yas Marina, Istanbul, Bahrain, Yeongam, and Buddh circuits, as well as the reprofiling of the Hockenheimring and Fuji Speedway. The circuit has FIA Grade 1 license. In a news conference on July 27, 2010, Tavo Hellmund announced plans to build the track on about of undeveloped land in southeastern Travis County. The