Pirelli extends contract to supply Formula 1 tires until 2023

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Tires on F1 cars will continue to be supplied by Pirelli until at least the 2023 season. Pirelli and Formula One Management (FOM) have reached an agreement to extend the contract that was due to run out after the 2019 season.

The new contract will span the 2021 season, when an extensive technical regulations overhaul is expected. This is likely to include a larger, 18-inch wheel-tire combination, which Pirelli is very open to working on, as CEO Marco Tronchetti Provera told Autosport in June.

Chase Carey, Formula 1 chairman and CEO, said, “Pirelli has been an important and valued partner to Formula 1 since 2011. It is a leader in providing innovative state-of-the-art capabilities. We are delighted to have reached this agreement, which guarantees a long-term stable future for such a crucial component of Formula 1.”

Marco Tronchetti Provera, Pirelli vice president and CEO, commented, “It’s excellent news that Pirelli is prolonging its partnership with Formula 1 until 2023. Formula 1 is and will remain the pinnacle of motorized competition: the perfect environment for Pirelli, which has always defined motorsport as its most advanced technological research and development laboratory. Formula 1 provides the perfect showcase for our ultra-high-performance road car tires.”

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Illya joined UKi Media & Events in 2018 having completed an Automotive Journalism MA course at Coventry University. As expo news editor, he writes about the new products and technologies that can be found at UKi Media & Events' many exhibitions, as well as contributing to UKi's various magazines and websites.

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