The FIA, motor sport's governing body will for the first time in its history establish an official 'Hall of Fame' to celebrate past and present famous names across all categories of racing.
FIA president Jean Todt has revealed that the institution shall launch its Hall of Fame at the end of this year, in Paris and Geneva.
"In December this year we will open an FIA Hall of Fame," explained Todt.
"It is something that we have been working on now for two or three years.
"We will have one Hall of Fame in Paris and one in Geneva, but when you see some of the people who could be represented – some have unfortunately passed away, but when you see the images around it, it is fascinating."
Various motorsport categories or series - like the Indianapolis 500 or NASCAR - have initiated the concept on their own in the past.
It is not known if the FIA's idea will include some sort of permanent exhibit open to the public.
GALLERY: F1 drivers' wives and girlfriends
Keep up to date with all the F1 news via Facebook and Twitter
