Over the years, the FIA has evolved into a global entity with a multifaceted focus. Bringing together 243 Member Organisations from 147 countries on five continents, the Federation is the governing body for world motor sport and the federation of the world’s leading Mobility Organisations. Like any specialist sport, Formula 1 racing has its own unique lingo. But if you’re an F1 newcomer, don’t panic. It’s very easy to learn - especially when you have the help of our extensive F1 glossary. FIA stands for Federation International de I’Automobile, which is French for “International Automobile Federation”. In Formula 1, FIA is responsible for regulating and overseeing the sport. THE FIA. The FIA is the governing body for world motor sport and the federation of the world’s leading motoring organisations. Founded in 1904, with headquarters in Paris, the Fédération Internationale de l'Automobile (FIA) is a non-profit making association. BCZni8.