The Formula 3 Euro Series is a European-based junior single seater formula for Formula Three chassis that was launched (in its current form) in 2003 as a merger of the French Formula Three Championship and German Formula Three Championship. The Formula Three category, including this championship, is part of the established career ladder up which European drivers progress to the Formula One world championship, the highest form of single seater racing defined by the Fédération Internationale de l'Automobile (FIA), motorsport's world governing body. Lewis Hamilton, 2008 Formula One champion with the McLaren team, won the Euro Series drivers' title in 2005. The 2006 champion Paul di Resta drive in Formula One along with other notable former Euro F3 drivers, including Adrian Sutil and Nico Rosberg.

The concept of a European F3 championship dates back to 1975, with a five-race series known as the F3 European Cup. Races were held at Monaco, the Nürburgring in Germany, Anderstorp in Sweden, Monza in Italy and Croix-en-Ternois in France. The series title was won by Australian Larry Perkins driving a Ralt-Ford run by Team Cowangie.

Formula Three, also called Formula 3 or F3, is a class of open-wheel formula racing. The various championships held in Europe, Australia, South America and Asia form an important step for many prospective Formula One drivers. Formula Three has traditionally been regarded as the first major stepping stone for F1 hopefuls—it is typically the first point in a driver's career at which most drivers in the series are aiming at professional careers in racing rather than being amateurs and enthusiasts. F3 is not cheap (a competitive seat in British F3 now costs around £400,000 and about £80,000 in Asia, for a year's racing), but is regarded as a key investment in a young driver's future career. Success in F3 can lead directly to more senior formulae such as a F2 and GP2 seat, or even a Formula One test or race seat.

Formula Three (adopted by the FIA in 1950) evolved from postwar auto racing, with lightweight tube-frame chassis powered by 500 cc motorcycle engines (notably Nortons and JAP speedway). The 500 cc formula originally evolved in 1946 from low-cost "special" racing organised by enthusiasts in Bristol, England, just before the Second World War; British motorsport after the war picked up slowly, partly due to petrol rationing which continued for a number of years and home-built 500 cc cars engines were intended to be accessible to the "impecunious enthusiast". The first post war motor race in Britain was organised by the VSCC in July 1947 at RAF Gransden Lodge, 500cc cars being the only post war class to run that day. The race was won by Eric Brandon in his Cooper Prototype (T2).

Michael Monroe Lewis (born October 15, 1960) is an American non-fiction author and financial journalist. His bestselling books include The Big Short: Inside the Doomsday Machine, Liar's Poker, The New New Thing, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, Panic, Home Game: An Accidental Guide to Fatherhood and Boomerang. He was a contributing editor to Vanity Fair, 2009–present.

Lewis was born in New Orleans to corporate lawyer J. Thomas Lewis and community activist Diana Monroe Lewis. He attended the college preparatory Isidore Newman School in New Orleans. He attended Princeton University where he received a BA degree (cum laude) in Art History in 1982 and was a member of the Ivy Club.

He went on to work with New York art dealer Daniel Wildenstein. He enrolled in the London School of Economics, and received his MA degree in Economics in 1985. Lewis was hired by Salomon Brothers and moved to New York for their training program. He worked at their London office as a bond salesman. He resigned to write Liar's Poker and become a financial journalist.

Felix Rosenqvist (born 7 November 1991 in Värnamo) is a Swedish racing driver who currently competes in the Formula 3 Euroseries with the German team Mücke Motorsport. He won the 2011 Masters of Formula 3 where he also posted fastest lap.

In 2010 he was fifth German Formula Three Championship with 2 victories, 8 podiums and 1 pole position. He also attended the 2010 Macau Grand Prix Formula Three where he finished on ninth after have qualified seventh in his debut with the same Swedish/British racing team Performance Racing. He has also competed in such series as Formula Palmer Audi and few different Formula Renault series where he was very successful and won 3 championship titles. For 2011, he has graduated to the Formula Three Euroseries with the Mucke Motorsport team. He won the 2011 Masters of Formula 3.

Simon Abadie (born 9 March 1978) is a former race car driver and current team director of Tech 1 Racing. He was born in Lourdes, France.

Abadie spent three years in Formula Renault before moving to French Formula Three in 2001 with the Graff and later Saulnier team. Most recently he drove for Graff again, this time in the 2004 World Series Light.

In 2006, Abadie purchased Saulnier Racing's World Series by Renault operation, renaming it Tech 1 Racing.

(key) (Races in bold indicate pole position) (Races in italics indicate fastest lap)