F1: Pirelli To Decide On Future Next June

Formula 1

F1: Pirelli To Decide On Future Next June

Pirelli is likely to extend its relationship with Formula One...

SPEED Staff / GMM | Posted October 07, 2012 GMM Newswire

Pirelli boss Paul Hembery says Formula One should hold a preseason test in the Middle East. (Photo: LAT Photographic)

Pirelli will decide next June whether or not to stay in Formula One.

The Italian marque's three-year contract to be the sport's sole tire supplier expires at the end of next season.

Motor sport boss Paul Hembery has said it is likely Pirelli will seek to stay.

He is quoted by Brazi's O Estado de S.Paulo: "The decision to renew the contract will be taken in June (2013).

"In principle we will proceed with the project, because we have achieved the goals we set technically and in terms of marketing, and I think for the public, too.

"But we do need to understand better the Formula One (regulations) of 2014," Hembery admitted.

Asked if Pirelli would still be interested in F1 if the FIA opens up the rules to another tire maker, he answered: "Why not, as it may be good for Formula One.

"But first we would need to know the details of the regulations."

F1 chief executive Bernie Ecclestone indicated he is happy if Pirelli stays on.

"It (the tires) is a very important variable. And they are doing a good job — don't you think the races are exciting?" he said.

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