In 2018 the FIA (International Automobile Federation) acquired direct control of the organization of the F2 Championship and renewed the agreement, which dates back to 2005, with Dallara as sole supplier of all chassis and related spare parts.
The F2 championship is preparatory to Formula 1 because the races take place on the same tracks and during the same weekends as the F1 races, with drivers and teams closely observed by the F1 team managers.
The organizer of the Formula 2 championship presented the F2 2024 on the occasion of the 2023 Monza Grand Prix.
The new car will debut in the 2024 season and will have a life cycle of 6 years, up to the 2029 season. The car will therefore start the fourth life cycle of Formula 2 cars (previously GP2) which since 2005 have always been designed and produced by Dallara . Product development activities have embraced the most recent trends introduced by FIA on "Single Seaters" cars, and in particular:
- Passive safety of the monocoque and safety structures aligned with Formula 1 standards and beyond;
- Aerodynamic development with main focus on "overtaking" between cars;
- Bodywork whose shapes reflect the recent Formula 1 stylistic trends;
- Mechacrome engine (which will use sustainable fuel), Hewland gearbox and Pirelli tires complete the technical package of the FIA Formula 2 championship.