| TEAM | DRIVER 1 | DRIVER 2 | PRIMARY SPONSOR | ENGINE | CHASSIS MODEL | TEAM BOSS |
| McLaren | Fernando Alonso | Lewis Hamilton | Vodafone | Mercedes | MP4-22 | Ron Dennis |
| Renault | Giancarlo Fisichella | Heikki Kovalainen | ING Insurance | Renault | R27 | Flavio Brivatore |
| Ferrari | Felipe Massa | Kimi Raikkonen | Marlboro | Ferrari | F2007 | Jean Todt |
| Honda | Jenson Button | Rubens Barrichello | www.myearthdream.com | Honda | RA107 | Nick Fry |
| BMW | Nick Heidfeld | Robert Kubica | Petronas | BMW | F1.07 | Mario Theissen |
| Toyota | Ralf Schumacher | Jarno Trulli | Panasonic | Toyota | TF107 | Tsutomu Tomita |
| Red Bull | David Coulthard | Mark Webber | Red Bull | Renault | RB3 | Christian Horner |
| Williams | Nico Rosberg | Alexander Wurz | AT&T | Toyota | FW29 | Frank Williams |
| Toro Rosso | Vitantonio Liuzzi | Scott Speed | Red Bull | Ferrari | STR-02 | Franz Tost |
| Spyker F1 | Christijan Albers | Adrian Sutil | Medion | Ferrari | F8 VII | Michiel Mol |
| Super Aguri | Takuma Sato | Anthony Davidson | Samantha Kingz | Honda | SA05 | Aguri Suzuki |
