Pirelli seals new four-year supply deal with Formula 1


The Formula One Group has announced that Pirelli will remain the sport's exclusive tyre supplier until the end of the 2023 season.

The Italian company was awarded a new contract after winning the FIA tender, likely against South Korean tyre manufacturer Hankook.

"We are delighted to have reached this agreement, which guarantees a long-term stable future for such a crucial component of Formula One," said F1 CEO Chase Carey.

Pirelli's new deal will cover a period in which Formula 1 will switch from 13-inch to 18-inch wheels in 2021, a change that will require the company to undertake a significant design change of its tyres.

However, Pirelli has vowed "to work together toward the new technical regulations expected for 2021, including the 18-inch tyre".

"It’s excellent  news  that  Pirelli  is  prolonging  its  partnership with  Formula  One  until 2023, " added Marco Tronchetti Provera, Pirelli Vice President and CEO.

"This new agreement extends our presence to a total of 13 seasons in the modern era, with Pirelli also present in 1950, when the World Championship was inaugurated.

"Formula   One   is   and   will   remain   the   pinnacle   of   motorised competition:   the   perfect   environment  for  Pirelli,   which   has   always   defined motorsport  as   its   most   advanced   technological   research  and   evelopment laboratory.  Formula  One  provides  the  perfect  showcase  for  our  Ultra  High

"Performance road car tyres, which equip the world’s most desirable prestige and premium   vehicles   to   guarantee   the   highest   standards   of   performance, sustainability and safety." 

The announcement by the FIA earlier this year of a tyre tender process led to speculation that Michelin, who withdrew from F1 in 2006, could possibly bid for the contract.

However, the French manufacturer was against the idea of supplying 13-inch wheels only for 2020, and then shifting to 18-inch wheels a year later.

Michelin also felt that F1's request for high-degrading tyres went against "its principles of efficient resource management and respect for the technology of a sustainable tyre."

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