Motor sports comprise a number of competitive sporting events, principally racing, involving the use of motorized vehicles. Most commonly these vehicles are automobiles or motorcycles, but can include airplanes, drones, trucks, or even lawnmowers. The International Automobile Federation (FIA) is the governing body for auto-racing worldwide while the global governing body for motorcycle racing is the Federation of International Motorcycling (FIM). Auto-racing is ranked among some of the most popular sports in the U.S. Globally, annual sponsorship spending in motor sports amounts to over 5 billion U.S. dollars.
The two sets of vehicle classes for auto-racing motor sport competitions are open-wheel and enclosed-wheel racing. Globally, open-wheel racing is championed by the “Formula” series, while in the U.S. the pinnacle of open-wheeled racing competitions is the Indy Car series, the jewel of which is the Indianapolis 500. Among motor sports race teams, Ferrari is the most valuable Formula 1 team brand with revenues of around 455 million U.S. dollars generated in 2015. Other leading Formula 1 teams include Ferrari and McLaren. In terms of race wins, Germany’s Michael Schumacher is the most successful driver in the history of Formula 1, as well as by number of world championships won, and number of podium finishes. RedBull is the leading motor sport sponsor, having invested 110 million U.S. dollars into motor sports in 2016.
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