Since 1984 Formula One teams have been required to build the chassis in which they compete, and consequently the terms “team” and “constructor” are more or less interchangeable.
This requirement distinguishes the sport from series such as IRL, Champ Cars, and NASCAR, which allow teams to purchase chassis, and “spec series” such as GP2, which require all cars be kept to an identical specification.
In its early years, Formula One teams sometimes also built their engines, though this became less common with the increased involvement of major car manufacturers such as BMW, Mercedes-Benz, Renault, Toyota, and Honda, whose large budgets rendered privately built engines less competitive (and redundant).
Early manufacturer involvement came in the form of a “factory team” (that is, one owned and staffed by a major car company), such as those of Alfa Romeo, Ferrari (FIAT) or Renault. Companies such as Climax, Repco, Cosworth, Hart, Judd and Supertec, which had no direct team affiliation, often sold engines to teams who could not afford to manufacture them. As the manufacturers’ deep pockets and engineering ability...
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