Pirelli has agreed to renew its contract with the FIA Formula One World Championship for a further four years until 2023. The current agreement lasts until the end of the 2019 season.
Formula One Management and Pirelli have agreed on all initiatives requested by the sport currently, and have reaffirmed their commitment to work together toward the new technical regulations expected in 2021, including the 18in tire.
Marco Tronchetti Provera, Pirelli vice president and CEO, said, “It’s excellent news that Pirelli is prolonging its partnership with Formula 1 until 2023. 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 1 provides the perfect showcase for our ultra-high-performance road car tires, which equip the world’s most desirable prestige and premium vehicles to guarantee the highest standards of performance, sustainability and safety.”