Pirelli on verge of signing new Formula 1 tyre supply deal

Pirelli tyres set to stick around beyond 2013

Pirelli tyres set to stick around beyond 2013

Strong indication that Pirelli is staying put as Formula 1’s official tyre supplier beyond 2013 has emerged ahead of the Singapore GP weekend.

Earlier, it was thought possible that Jean Todt-favoured Michelin could return to the sport next year, just as the contract of Formula 1’s controversial current supplier – Pirelli – expires.

But the Italian marque has already done deals with the eleven teams and Bernie Ecclestone’s FOM organisation for 2014 and beyond, and FIA president Todt hinted at Monza that a new contract with the governing body is now likely.

This week, the signs have grown even stronger.

Auto Motor und Sport said that Pirelli is “about to sign” a new five-year deal with the FIA, which will cement its place in Formula 1 beyond 2013.

Correspondent Michael Schmidt said that sources at both Pirelli and the FIA are confirming the news.

Schmidt said that Todt seemed to walk away from what would have been a Formula 1 shock in the form of ahighly controversial switch to Michelin, just as David Ward announced he is taking on the Frenchman for the FIA presidency.

On Wednesday, it emerged that Pirelli has extended its contract to supply tyres to the Formula 1 feeder categories, GP2 and GP3.

Series CEO Bruno Michel said: “It has always been our philosophy to use the same tyre supplier as Formula 1′.”

Not only that, the next GP2 champion will win a day of Pirelli tyre testing in a Formula 1 car, Michel revealed. (GMM)

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