A Brief History of Formula One

Juan Manuel Fangio is besieged by newsmen and mechanics after breaking the tour record in Rheims, France, in 1954
Bettmann / Corbis

The Maestro
Juan Manuel Fangio, the Argentinian driving ace many consider the greatest driver in history, is besieged by newsmen and mechanics after breaking the tour record in Rheims, France, in 1954. In April 1950 he won the first ever contest called 'Formula One'. His five world championship wins stood for 45 years until German driver Michael Schumacher captured his sixth title in 2003.

Get the Latest Photos from Time.com
Get TIME photos and pictures of the week delivered directly to your inbox.