Formula Acceleration 1 Formula Acceleration 1 Formula Acceleration 1 (FA1) was a single make, open wheel auto racing series. It was unusual in its field in that competitors solely represented their nation as opposed to themselves or a team, the usual format in most formula racing series. FA1 was created in 2014 as the signature category in the Acceleration 2014 series of motorsport festivals. Rather than developing their own car, the series reduced costs substantially by using the Lola B05/52 which was used in the early years of the A1 Grand Prix series. They also continued to use the same 3.4 litre V8
Team Racing Auto Circuit Boris Said tested the cars. TRAC was unable to sell sponsorships for any of the proposed teams, prompting the series' debut to be postponed to 2004, but the league ultimately folded without conducting a single race. The end of TRAC was officially announced on August 26, 2003. In 2004, Team Sports and Entertainment was sued by four shareholders for "breach of contract, wrongful conversion of company monies, mismanagement, breach of fiduciary duty and fraud." Team Racing Auto Circuit Team Racing Auto Circuit (TRAC) was a proposed American stock car automobile racing organization founded by Hank Durschlag and Charles Jeter that