Fixed the folder structure, as v1 was copied accidental into the S1 version of the Formula Hybrid.
If you have installed v1, please remove the VF-18 skin folders from "../rss_formula_hybrid_2017_s1/skins" for the best experience.
I think there will be an update when the F1 pre-season testing starts, if there are any mismatches regarding colors, logos, etc.
Thanks to
@ricki for reporting the issue.