Walter Wolf Racing was a Formula One constructor active from 1977 to 1979, which won the very first race the team entered. It was owned and run by Canadian Walter Wolf. The team was based in Reading, UK but raced with the Canadian licence. In 1975, the Austrian naturalized Canadian businessman Walter Wolf had started to appear at many of the F1 races during the season. A year later, he bought 60% of Frank Williams Racing Cars while agreeing to keep Frank Williams as manager of the team. At the end of 1976, Wolf decided that the team needed restructuring. He removed Frank Williams from the manager's job.

WR1 was a conventional Cosworth package but with Jody Scheckter hired from Tyrrell, the team won its first race in Argentina. Scheckter started tenth, and took advantage of six of the cars ahead of him retiring. During the 1977 season, Scheckter went on to win the Monaco Grand Prix and the Canadian Grand Prix and also six other podium finishes.

Activity: 1977 - 1979
Grand Prix: 48
Victories: 3
Pole Positions: 1
Fastest Laps: 2
Championship Points: 79