Pirelli Motorsport will stay as Components 1’s sole tyre producer till no less than the tip of the 2024 season after they signed a one-year extension to their current contract.
The brand new deal is to make sure the preliminary plan to run three-years with eighteen-inch tyres, which had been initially set to be launched to Components 1 in 2021. Nonetheless, the coronavirus pandemic noticed the tyres delayed till 2022, which means the prevailing contract with Pirelli would have expired earlier than the three years had been up.
Stefano Domenicali, Components 1’s President and Chief Govt Officer, says that as COVID-19 modified the plans for the introduction of the eighteen-inch tyres, it was apparent to increase the contract with Pirelli for an additional season.
“The pandemic triggered disruption internationally and Components 1 was not immune from that,” mentioned Domenicali. “We subsequently took the required measures final 12 months to defer the laws by one 12 months to 2022.
“We’re very happy with our partnership with Pirelli and grateful to them for his or her constructive strategy to this timing change. Pirelli are very aware of strategic function that the tyres have in F1 and we all know that they’re working very arduous to make it possible for their merchandise will symbolize one of the best stability between efficiency and sturdiness within the new technical context.
“We stay up for the beginning of the 2021 season and we’re all excited for the brand new automobiles and new 18-inch tyres to hit the observe underneath the brand new laws in 2022.”
Marco Tronchetti Provera, Pirelli’s Govt Vice President and CEO, says he’s happy to see Pirelli signal for an additional season as Components 1’s sole tyre producer, and he can’t wait to see how the eighteen-inch tyres fare on observe.
“The world of motorsport has additionally needed to withstand the difficulties attributable to the Covid-19 pandemic, however the FIA and FOM did a unprecedented job to organise a 17-race championship in 2020,” he mentioned. “We’re clearly happy to have reached this settlement that may lengthen our presence on the pinnacle of world motorsport till 2024.
“Pirelli has been alongside Components 1 for greater than 70 years, because the very first race in 1950, and the corporate continues to put money into the very best technological ranges of analysis and growth, as proven by the introduction of 18-inch tyres from subsequent 12 months.
“Motorsport varieties a part of our DNA and Components 1 represents an open-air laboratory that permits us to use the know-how gained on observe into our highway automobile tyres, beginning off with the Extremely Excessive Efficiency vary that equips probably the most prestigious automobiles on this planet”.