I have seen some photos of some of these little cars. They look very funky.
I understand that in the USA they run in a class as Formula 1000,and in Ireland as Formula 5. In the UK I am told that there are a few Championships for these little screamers.
Photo's would be good too
Thanks.....
Are you referring to Formula SAE? These are competing engineering schools. The cars are simulated on Live for Speed.
Performance is just above a 135 gearbox kart. About 100hp, 230kg.

Engine
The engine must be a four-stroke, Otto-cycle piston engine with a displacement no greater than 610cc. An air restrictor of circular cross-section must be fitted downstream of the throttle and upstream of any compressor, no greater than 20mm for gasoline engines or 19mm for ethanol-fueled engines. The restrictor keeps power levels below 100 hp in the vast majority of FSAE cars. Most commonly, production four-cylinder 600cc sport bike motors are used due to their availability and displacement, however many teams have also used smaller V-twin and single-cylinder engines. Though it is permitted, very rarely do teams build an engine from scratch, such as Western Washington University's 554cc V8 entry in 2001.
Suspension
The suspension is unrestricted save for safety regulations. Most teams opt for four-wheel independent suspension, almost universally double-wishbone. Active suspension is legal.
Aerodynamics
There are no regulations or requirements on aerodynamics. Most teams do not build aerodynamic packages as the speeds involved in FSAE competition rarely exceed 70 mph (110 km/h), and design judging tends to frown upon aerodynamic parts that do not have definite test data, usually in the form of wind tunnel testing or at least computational fluid dynamics analysis. Therefore most cars that do utilize aerodynamic downforce tend to develop their entire car around the aerodynamic package, including massive wings and undertrays. The benefit of a well-developed aerodynamic package is evident; depending on how fast the course is, the slowest aero-package cars sometimes run several seconds per lap faster than any of the non-aero cars. But, on windy days, at the drag strip, or especially in the fuel economy event, aero cars can suffer significantly.
see Wiki