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Manufacturer Pirelli has doubts over F1 future

Manufacturer Pirelli has doubts over F1 future

Tire manufacturer Pirelli fears for its future in Formula One as time runs out to agree a new contract with teams for next season.
Speaking after Thursday's second practice at the Monaco Grand Prix, Pirelli's motorsport director Paul Hembery says the situation is "extremely serious," adding "maybe we won't be here" next year.
Pirelli is currently the sole supplier to F1 but faces a mammoth task in designing and preparing new tires for 2014 _ which sees significant changes to F1 regulations and car design _ if a new deal is not struck soon. Hembery would not disclose the deadline set internally for an agreement.
The Italian company's three-year contract with F1 expires at the end of 2013 and Hembery had hoped a new deal would already have been sealed.


Updated : 2021-07-25 02:16 GMT+08:00