Pirelli will remain as Global Tire Partner of the FIA Formula One World Championship for a further four years, after renewing its current contract – which lasts until the end of the 2019 season – and extending it to 2023.
Formula One Management and Pirelli have agreed on all initiatives requested by the sport currently, and have reaffirmed their commitment to work together towards the new technical regulations expected for 2021, including an 18-inch tyre.
“Pirelli have been an important and valued partner to Formula 1 since 2011,” said Chase Carey, Formula 1 Chairman and CEO. “They are leaders in providing innovative state of the art capabilities. They are a premium brand, a clear global leader in motorsport and our ongoing partnership with them is proof once more of our desire to align F1 with the best in motorsport and beyond. We are delighted to have reached this agreement, which guarantees a long-term stable future for such a crucial component of Formula 1.”