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'''Formula One''', also known as '''Formula 1''' or '''F1''' and officially as the '''FIA Formula One World Championship''' is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA). Formula One is often considered the pinnacle of [[automobile]] [[racing]]. The cars are extremely fast with speeds topping 320 kph, although it is their cornering and braking performance that sets Formula 1 apart as the highest class of car racing. The Formula One World Championship is held every year on racing tracks around the globe. There are effectively two championships being contested - the World Drivers Championship is given to the winning driver, but the teams also compete in the Manufacturer's Championship. The 2014 Driver's World Champion is British racer Lewis Hamilton, while the Constructor's Champions are the [[German]] team known as the Mercedes AMG Petronas Formula One Team.