Fastest lap

In motorsport, the fastest lap is the quickest lap run during a race. Some series, like the discontinued A1 Grand Prix and the current GP2 series, award bonus points to the driver/team with the fastest lap. In Formula One, where until 1960 drivers were awarded a point for setting fastest lap, Michael Schumacher holds the current record for the most fastest laps with 77.

In Grand Prix motorcycle racing no point is awarded for the fastest lap. Giacomo Agostini holds the current record for the most fastest laps with 117.

In Formula One, 128 different drivers have made fastest race laps. German driver Michael Schumacher has achieved the highest number of fastest laps with 77. He is followed by Finnish driver Kimi Räikkönen with 42. Since 2007, an award is given to the driver with the most fastest laps in a season.

See also:

Kimi Räikkönen

In August 2008, it was announced that Räikkönen would appear on a set of Finnish postage stamps. The stamps, which were released to commemorate the Finnish postal service's 370th anniversary, feature images of him racing and on the podium, with the words "F1 World Champion '07 Kimi Räikkönen".

Fastest laps are often set during the final laps of a race. Lap times often decrease as tracks get "rubbered in" and fuel weights go down as a race progresses.

Setting the fastest lap is often considered an unofficial consolation prize for a driver that has had an incident that precluded a podium finish.

In Grand Prix motorcycle racing, which includes the 80cc, 125cc, 250cc, 350cc, 500cc, Moto3, Moto2 and MotoGP classes, Giacomo Agostini holds the record for the most fastest laps with 117. Valentino Rossi, who still actively races in MotoGP, is second with 92 fastest laps and Ángel Nieto is third with 81.

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1979 Venezuelan motorcycle Grand Prix

Villa won the 250cc event, ahead of South African rider Kork Ballington by 20 seconds. Spanish rider Ángel Nieto won the 125cc class from Frenchman Thierry Espié and Italian Maurizio Massimiani. Nieto would later win the 125cc season championship. Yamaha won two races, and Suzuki and Minarelli one each.

(Source: Wikipedia)