The 2007 Formula One season will be the 58th FIA Formula One World Championship season. Scheduled to begin on 18 March, it will end on 21 October, after seventeen Grands Prix.

The 2007 season is significant in that it will herald the end of the existing  Concorde Agreement between the existing Formula One constructors and Bernie Ecclestone. In particular, Mercedes-Benz, BMW, Renault and Honda (collectively the Grand Prix Manufacturers' Association) have a number of outstanding disagreements with the FIA and Ecclestone, on financial and technical grounds. They had threatened even to boycott Formula One from the 2008 season onwards and instead stage their own rival series, before signing a memorandum of understanding (MoU) at the 2006 SpanishGrand Prix.

The 2007 Australian Grand Prix will be the first time since the 1986 Spanish Grand Prix that there would be a Formula One field without a Cosworth engine, as well as the first Grand Prix to have a Black driver in the field.

With the announcement on 26 February that Honda F1 will run with a new "Earth livery" on their RA107 car, it will also be the first time since 1968, when sponsorship in the sport became widespread, that a team might run sponsor-free for an entire season (exception being the Bridgestone logo, which must appear on the car and the Honda logo).

A major talking point of the season has been an espionage controversy involving Ferrari and McLaren.

Round	Official Name	Commonly Used Name	Circuit	Date	Time
					Local	GMT
1	ING Australian Grand Prix	Australian Grand Prix	Albert Park Grand Prix Circuit	18 March	14:00	03:00
2	Petronas Malaysian Grand Prix	Malaysian Grand Prix	Sepang International Circuit	08 April	15:00	07:00
3	Gulf Air Bahrain Grand Prix	Bahrain Grand Prix	Bahrain International Circuit	15 April	14:30	11:30
4	Gran Premio Telefónica de España	Spanish Grand Prix	Circuit de Catalunya	13 May	14:00	12:00
5	Grand Prix de Monaco	Monaco Grand Prix	Circuit de Monaco	27 May	14:00	12:00
6	Grand Prix du Canada	Canadian Grand Prix	Circuit Gilles Villeneuve	10 June	13:00	17:00
7	United States Grand Prix	United States Grand Prix	Indianapolis Motor Speedway	17 June	13:00	17:00
8	Grand Prix de France	French Grand Prix	Circuit de Nevers Magny-Cours	01 July	14:00	12:00
9	British Grand Prix	British Grand Prix	Silverstone Circuit	08 July	13:00	12:00
10	Grosser Mobil 1 Preis von Deutschland	German Grand Prix	Nürburgring	22 July	14:00	12:00
11	Magyar Nagydij	Hungarian Grand Prix	Hungaroring	05 August	14:00	12:00
12	Petrol Ofisi Turkish Grand Prix	Turkish Grand Prix	Istanbul Park	26 August	15:00	12:00
13	Gran Premio Vodafone d'Italia	Italian Grand Prix	Autodromo Nazionale Monza	09 September	14:00	12:00
14	Belgian Grand Prix	Belgian Grand Prix	Circuit de Spa-Francorchamps	16 September	14:00	12:00
15	Fuji Television Japanese Grand Prix	Japanese Grand Prix	Fuji Speedway	30 September	14:00	05:00
16	Sinopec Chinese Grand Prix	Chinese Grand Prix	Shanghai International Circuit	07 October	14:00	06:00
17	Grande Prêmio do Brasil	Brazilian Grand Prix	Autódromo José Carlos Pace	21 October	14:00	17:00

• On 29 August 2006, The FIA published a provisional calendar for the 2007 Formula One season. The San Marino and European Grands Prix were excluded, although the European round would later make a comeback  The final calendar (above), which confirmed that the San Marino Grand Prix would not return, was released on October 18, 2006.
• For the first time in nearly half a century, there will not be a German Grand Prix in 2007 after the 2 Grands Prix previously held in Germany begin to alternate between Hockenheim and Nürburgring. Hockenheim controls the descriptor "German Grand Prix" and an agreement could not be reached between the two circuits for the naming rights. The Nürburgring event will therefore retain its usual Grand Prix of Europe title.
• It had been suggested that the Italian Grand Prix might do the same, swapping between Monza and Imola, but this now appears to have been rejected with the possibility that Imola could again host the San Marino Grand Prix in 2008.
  
• After twenty years, the Japanese Grand Prix will move from the Honda-owned Suzuka Circuit to Toyota's rebuilt Fuji Speedway, a circuit that F1 has not raced at since 1977.
• For the first time since 1975, all races are held in different countries (only one race for any one nation).

• Although the FIA had planned to introduce a regulation single tyre manufacturer from 2008, there will be a sole supplier (Bridgestone) from 2007 to 2010, since Bridgestone's only rival, Michelin, ended their participation in Formula 1 after the 2006 season.
• Tyres will be supplied in accordance with the revised Sporting Regulations, which provide for a total of 14 sets of dry weather tyres per driver over the race weekend: four sets for Friday only, and 10 for the rest of the weekend.
• Also, during the race, both compound of tyre (hard and soft) will have to be used at least once during the race. Initially, in the Australian Grand Prix, soft tyres were marked with a white spot. However, this was difficult to see when the car was in motion and, as of the Malaysian Grand Prix, one of the four grooves in the soft compound tyre will be painted white.
• The teams finishing 5th–11th in the previous seasons' Constructors' Championship will no longer be allowed to run a third car on Friday following a rule change. The teams that finish 1st–4th are already banned from doing so.
• Engine development will be frozen from the 2006 Japanese Grand Prix, with these engines being used for the whole of 2007 and 2008. This is described as engine "homologation" by the FIA. It was previously set to be introduced in 2008.
• All cars will be fitted with red, blue and yellow cockpit lights. The purpose is to give drivers information concerning track signals or conditions. The lights must be LEDs each with a minimum diameter of 5mm and which are fitted in order that they are directly in the driver’s normal line of sight.
• In order to give rescue crews an immediate indication of accident severity each car must be fitted with a warning light which is connected to the FIA data logger. The light must face upwards and be recessed into the top of the survival cell no more than 150mm from the car centre line and the front of the cockpit opening and as near to the marshal neutral switch as is practical.
• The two Friday practice sessions will expand from 60 minutes to 90 minutes. Any team will be allowed to use two cars, which may be driven by either the two race drivers or a nominated third driver.
• The engine penalty will now only apply in the second day of the grand prix weekends. Any engine change in the first day will not be penalised.
• No car will be allowed to enter the pits to refuel during a safety car period until all cars are in the group following the safety car and they have been advised that the pit lane is now open. This prevents drivers from racing to the pits immediately after a safety car is deployed. In addition, any lapped cars in front of a car on the lead lap will be required to pass the safety car and restart at the end of the line-up instead of maintaining their physical position.
• The Formula 1 teams have unanimously agreed to the voluntary early introduction of the testing agreement scheduled for 2008. This limits each team to an annual limit of 30,000 km.
• The team's second car will now have to run with a yellow coloured roll bar instead of a black one. The first cars will still run with a red/orange roll bar. This is intended to help spectators distinguish between first and second cars at further distances.

• 2005 and 2006 World Champion Fernando Alonso has announced he has signed a deal to drive for McLaren starting in 2007. He will have been with Renault for 5 years.
• It was announced on July 9, 2006 that Juan Pablo Montoya would be leaving McLaren to race for Ganassi Racing in the NASCAR Nextel Cup series for 2007, effectively ending his Formula 1 career.
• On August 2, 2006 Williams announced that test and reserve driver Alexander Wurz would step up to a race seat for 2007, replacing Australian Mark Webber.
• On August 7, 2006, Red Bull Racing announced their 2007 driver line-up of David Coulthard and Mark Webber, displacing Christian Klien.
• On August 7, 2006, BMW Sauber announced that Jacques Villeneuve's contract has been terminated immediately and for the rest of the season would be replaced by test driver Robert Kubica. Kubica was later announced on October 19, 2006 to retain the race seat for the 2007 season, with Sebastian Vettel remaining as the team's test driver.
• On September 6, 2006, Renault confirmed Heikki Kovalainen as the team's replacement for Fernando Alonso.
• On September 10, 2006, Scuderia Ferrari confirmed Kimi Räikkönen as a replacement for the retiring Michael Schumacher.
• On November 15, 2006, Super Aguri F1 confirmed Anthony Davidson as Sakon Yamamoto's replacement.
• On November 24, 2006, McLaren confirmed Lewis Hamilton as their second driver.
• On December 21, 2006, Spyker confirmed Adrian Sutil as their first driver.
• On July 10, 2007, Spyker announced that Christijan Albers would no longer be driving for the team. The given reason was a failure to pay sponsorship monies due. Markus Winkelhock will race Spyker's second car at the European Grand Prix.
• On July 25, 2007 Spyker confirmed Japanese driver Sakon Yamamoto would compete in the remaining seven Grand Prix for them.
• On July 31, 2007 Scuderia Toro Rosso replaced Scott Speed with BMW test driver Sebastien Vettel

• Ferrari technical director, Ross Brawn, was to take a sabbatical year for 2007, after 10 seasons at the Italian team. However, it was later announced that he is to leave the team. 
• McLaren will change their name to Vodafone McLaren Mercedes after signing a primary sponsorship deal with the telecommunications company late in 2005.
• With the loss of Vodafone, Scuderia Ferrari will begin work with Alice, a brand of Telecom Italia will join the team next year.
• Mild Seven has confirmed that they will not renew their contract with Renault following its conclusion at the end of 2006 and current European tobacco laws. 
• British American Tobacco's Lucky Strike and 555 brands will cease to sponsor the Honda F1 team, leaving them to seek another primary sponsor.
• Williams will change their engines from Cosworth to Toyota in a three-year deal.  Contrary to recent speculation, the engines will not be rebadged as Lexus. 
• On September 9, MF1 Racing was officially sold to a Dutch-Arab consortium owned by Michiel Mol, along with the aid of Spyker Cars. The team has officially been renamed Spyker MF1 Team, keeping the MF1 for the rest of the season due to Concorde Agreement rules. 
• On September 30, Spyker announced that their engines supplier would be Ferrari. 
• On October 16, Renault confirmed that the Dutch banking company, ING, would become their main sponsor to replace Mild Seven.
• On October 20, Williams announced AT&T as their new main sponsor. 
• On October 24, Spyker announced they would change their name from Spyker MF1 Team to Spyker F1 from 2007 onwards, subject to all other teams giving their agreement. 
• On October 31, Red Bull confirmed their engine situation for 2007. Renault engines will be used for Red Bull Racing, while Scuderia Toro Rosso will use Ferrari engines.
  
• On March 15, 2007, Spyker announced their new title sponsor for the 2007 season: United Arab Emirates airline company Etihad Airways

• Formula One Management will become the sole host broadcaster for all 17 Grands Prix for the first time in 2007. Coverage will be produced in anamorphic 16:9 widescreen and a High Definition feed will also be made available to broadcasters, although it's unclear as yet which countries, if any in 2007, this will be broadcast to.
• ITV Sport, RTL Television, Premiere, TF1 and Telecinco/TV3 were among the first broadcasters to provide a standard 16:9 widescreen programme at the opening race in Australia.
• For the United States TV coverage, except Speed Channel, FOX also boardcasted 4 Formula One races. Those were the 2007 Canadian Grand Prix, 2007 United States Grand Prix, 2007 French Grand Prix and 2007 British Grand Prix. The 2007 United States Grand Prix was televised live.

• A new chicane has been inserted into the straight between Europcar and New Holland (final corner) at the Circuit de Catalunya, Barcelona. This was installed in order to slow the cars down before the long main straight, and provide more overtaking opportunities into turn 1.
• Spa has also undergone track changes, with a new paddock area, a reprofiled Bus Stop Chicane, an extension of the start-finish straight and a change to La Source hairpin.
• A largeest-scale repair in last 35 years is done for Autódromo José Carlos Pace in São Paulo, Brazil, to fundamentally solve problem of the asphalt. All present asphalts will be removed and replaced with new ones. At the same time, the pit lane entrance will be enhanced to improve safety. The circuit is closed and no event held for five months to work, since June to October, until immediately before the event

• With his contract at BMW Sauber expiring at the end of the 2007 season, there was some talk that the team's lead driver Nick Heidfeld would be leaving to replace Ralf Schumacher at Toyota.
• Three time Champ Car Series Champion Sébastien Bourdais was linked with a drive at the Toro Rosso team following confirmation that the Frenchman would be testing the STR2 for three sessions during the 2007 season. According to Bourdais' website, once his final test session at Spa-Francorchamps was complete, Toro Rosso "will have to make a decision" on their relationship with Bourdais.
• Following a start to the season which saw only one finish of a possible four, Scuderia Toro Rosso were rumoured to be replacing Scott Speed with Sebastian Vettel from the French Grand Prix. On the contary however, Toro Rosso's Team Principal, Franz Tost, commented that his team were focusing on technical developments and "were not considering any changes to their driver line-up at present [May 2007]".

• After twenty years, the Japanese Grand Prix will move from the Honda-owned Suzuka Circuit to Toyota's rebuilt Fuji Speedway, a circuit that F1 has not raced at since 1977.
• On 29 August 2006, The FIA published a calendar for the 2007 Formula One season. The San Marino and European Grands Prix were excluded (the Nürburgring, current home of the European race, will host the German race in the Hockenheimring's place), while Belgium returns.  A final calendar, which confirmed that the San Marino Grand Prix would not return, was released on October 18, 2006.
• With the demise of the European GP, consideration has been given to sharing a single German GP race in between both Hockenheim and Nürburgring for the future. A similar proposal is also in place for the two races in Italy. Speed TV reported that the Nurburgring and Monza would host the 2007 German and Italian Grands Prix respectively, with Hockenheim and Imola the hosts for 2008.
• Having lost the Japanese GP to the Fuji circuit, Suzuka was in negotiations with Bernie Ecclestone on staging a race at the circuit again. It would likely have been a revived Pacific Grand Prix, or possibly named the Asian Grand Prix. This now appears to have been rejected but it remains a possibility for 2008. 
• The Italian government, who are aiding in funding the redevelopment of Autodromo Enzo e Dino Ferrari, have stated that they still have a contract for the San Marino Grand Prix, and that the race is still tentatively scheduled for April 29. However they state that this is dependent on the ability of the track to complete modifications by March.  It now appears that the modifications will not be ready in time. On October 18, 2006 the FIA announced that there would be no San Marino Grand Prix in 2007.