Pirelli, Formula 1 Extend Exclusive Tire Supply Agreement
Pirelli & Cie SpA will continue to serve as the exclusive tire supplier to Formula 1 in an agreement that will "extend our presence at the pinnacle of world motorsport until 2024," says Marco Tronchetti Provera, Pirelli's executive vice chairman and CEO.
"Pirelli has been alongside Formula 1 for more than 70 years, since the very first race in 1950, and the company continues to invest in the highest technological levels of research and development.
"Motorsport forms part of our DNA and Formula 1 represents an open-air laboratory that allows us to apply the know-how gained on track into our road car tires, starting off with the ultra-high performance range that equips the most prestigious cars in the world."
Stefano Domenicali, Formula 1 president and CEO, says that Pirelli is "very conscious of strategic role that the tires have in F1 and we know that they are working very hard to make sure that their products will represent the best balance between performance and durability in the new technical context.
"We look forward to the start of the 2021 season and we are all excited for the new cars and new 18-inch tires to hit the track under the new regulations in 2022”.