
In December, 2005 the FIA gave approval to Superleague Formula racing, set to debut in 2008. This will be open-wheel, single-seat stock car racing around Grand Prix racetracks. The teams will be owned and run by prominent sports clubs such as AC Milan and FC Porto. The race weekend will follow the GP2 format of Saturday qualifying and two Sunday races, one featuring a reverse grid.
There are also other stock car governing bodies, such as Automobile Racing Club of America and United Speed Alliance Racing.