Timeline of Formula One Constructors
The following is a timeline of the constructors in the 2021 Formula One World Championship. Constructors are people or corporate entities which design key parts of Formula One cars that have competed or are intended to compete in the FIA World Championship. Since the first Grand Prix in 1950, 171 Formula One constructors from 24 different national racing licenses have competed. There are currently 10 teams, with Ferrari being the oldest surviving and most successful Formula One team.
Entering a new team in the Formula One World Championship requires a £25 million (about US$32 million) up-front payment to the FIA, which is then repaid to the team over the course of the season. As a consequence, constructors desiring to enter Formula One often prefer to buy an existing team: BAR's purchase of Tyrrell and Midland's purchase of Jordan allowed both of these teams to sidestep the large deposit and secure the benefits the team already had, such as TV revenue.
This timeline only shows the history of the current Formula One teams. These are viewed as continuous organisations by the FIA, motorsport's world governing body. For example, a team called Mercedes won two driver's championships in the 1950s, however this is a separate entity to the current Mercedes team.
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