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| Date | Sunday 26 July 1998 |
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| Start time | 14:00 |
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| Event | Austrian GP |
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| Circuit | Spielberg |
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| Event Format | Race of 71 laps |
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| Race | 10 of 16 |
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| Championship race | 624 |
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| Laps | 71 |
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| Circuit Perimeter | 4319 m |
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| Race Distance | 4319 × 71 = 306.649 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Left |
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| First Corner | Right |
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| Track Direction | Clockwise |
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| Weather | Sunny, Hot, Dry |
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| Entries | 22 |
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| Qualifiers | 22 |
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| Finishers | 12 |
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| Championship Debutants | Spielberg (4319 m) (Circuit Layout) |
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| Milestones | Arrows - 20th Race Entry (Engine Manufacturer)
B&H Jordan - 20th Race Entry (Entrant)
Bridgestone - 10th Pole Position (Tyre Manufacturer)
Bridgestone - 250th Race Entry (Tyre Manufacturer)
Damon Hill - 100th Race Entry (Driver)
Danka Zepter Arrows - 20th Race Entry (Entrant)
Eddie Irvine - 75th Race Entry (Driver)
Esteban Tuero - 10th Race Entry (Driver)
Fondmetal Minardi Team - 20th Race Entry (Entrant)
Gauloises Prost Peugeot - 20th Race Entry (Entrant)
Giancarlo Fisichella - 1st Pole Position (Driver)
HSBC Stewart Ford - 20th Race Entry (Entrant)
Mecachrome - 20th Race Entry (Engine Manufacturer)
Mild Seven Benetton Playlife - 1st Pole Position (Entrant)
Mild Seven Benetton Playlife - 20th Race Entry (Entrant)
Playlife - 1st Pole Position (Engine Manufacturer)
Playlife - 20th Race Entry (Engine Manufacturer)
Toranosuke Takagi - 10th Race Entry (Driver)
Winfield Williams - 20th Race Entry (Entrant)
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| Records Broken |
None
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| Records Extended |
1. Most Podium Finishes – Ferrari (426),
2. Most Drivers' Championship Points Scores – Ferrari (667),
3. Most Constructors' Championship Points Scores – Ferrari (535),
4. Most 3rd Place Finishes – Ferrari (147),
5. Most 4th Place Finishes – Ferrari (118),
6. Most Race Entries – Ferrari (1414),
7. Most 4th Place Qualifications – Ferrari (149),
8. Most 8th Place Qualifications – Ferrari (87),
9. Most 19th Place Qualifications – Minardi (47),
10. Most 22nd Place Qualifications – Tyrrell (49)
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