Return of Racing

The first Formula One World Championship was won by Italian Giuseppe Farina in his Alfa Romeoin 1950, barely defeating his Argentine teammate Juan Manuel Fangio. However Fangio won the title in 1951, 1954, 1955, 1956 & 1957 (His record of five World Championship titles stood for 45 years until German driver Michael Schumacher took his sixth title in 2003), his streak interrupted (after an injury) by two-time champion Alberto Ascari of Ferrari. Although the UK's Stirling Mosswas able to compete regularly, he was never able to win the World Championship, and is now widely considered to be the greatest driver never to have won the title. Fangio, however, is remembered for dominating Formula One's first decade and has long been considered the "grand master" of Formula One.

The period was highlighted by teams run by road car manufacturers—Alfa Romeo, Ferrari,Mercedes Benz and Maserati—all of whom had competed before the war. The first seasons were run using pre-war cars like Alfa's 158. They were front engined, with narrow tyres and 1.5 litre supercharged or 4.5 litre normally aspirated engines. The 1952 and 1953 world championships were run to Formula Two regulations, for smaller, less powerful cars, due to concerns over the paucity of Formula One cars available. When a new Formula One, for engines limited to 2.5 litres, was reinstated to the world championship in 1954, Mercedes-Benz introduced the advanced W196, which featured innovations such as desmodromic valves and fuel injection as well as enclosed streamlined bodywork. Mercedes drivers won the championship for two years, before the team withdrew from all motorsport in the wake of the 1955 Le Mans disaster