F1 reaches new deal with Pirelli as tire supplier until 2023

Pirelli CEO Marco Tronchetti Provera, center, poses for a picture with his staff behind the new Pirelli tyre during a presentation ahead of the Emirat

Pirelli CEO Marco Tronchetti Provera, center, poses for a picture with his staff behind the new Pirelli tyre during a presentation ahead of the Emirat

Formula One CEO Chase Carey, right, Pirelli CEO Marco Tronchetti Provera, left and FIA President Jean Todd pose for a picture behind the new Pirelli t

Formula One CEO Chase Carey, right, Pirelli CEO Marco Tronchetti Provera, left and FIA President Jean Todd pose for a picture behind the new Pirelli t

ABU DHABI, United Arab Emirates (AP) — Formula One has reached a new four-year deal with Pirelli as its tire supplier from 2020-23 inclusive.

F1 chairman and CEO Chase Carey says "we are delighted to have reached this agreement, which guarantees a long-term stable future."

The current partnership expired at the end of 2019.

As from 2021, F1 will move toward narrower front tires.

Governing body FIA also wants its tires to degrade more slowly to encourage more aggressive driving.

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