Where in Monaco, race consumes Formula One team (6)
I believe the answer is:
outfit
'one team' is the definition.
(thesaurus)
I don't understand the remainder of the clue.
(Other definitions for outfit that I've seen before include "Organistion or set of clothing" , "Garb - equipment" , "Organisation or set of clothing" , "Ensemble of clothes" , "Full set of clothing" .)