Friday, September 27, 2013

Reuters: Sports News: Pirelli to remain F1 tire supplier in 2014

Reuters: Sports News
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Pirelli to remain F1 tire supplier in 2014
Sep 27th 2013, 14:59

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Pirelli ''Full Wet'' Formula One tyres are pictured in the pit ahead of the Singapore F1 Grand Prix September 18, 2013. REUTERS/Tim Chong

Pirelli ''Full Wet'' Formula One tyres are pictured in the pit ahead of the Singapore F1 Grand Prix September 18, 2013.

Credit: Reuters/Tim Chong

LONDON | Fri Sep 27, 2013 10:59am EDT

LONDON (Reuters) - Pirelli can continue as Formula One's sole tire supplier next season, the sport's governing body said on Friday.

The International Automobile Federation (FIA) said the 2013 Concorde Agreement governing the sport, which is yet to be signed by all parties, would make it the body in charge of conducting any tender process in future.

"In order to cover the transition period and considering the contracts already settled by FOM (Formula One Management) and the teams with Pirelli, the WMSC (FIA's world motor sport council) today confirmed that Pirelli may continue to supply tires to competitors in the FIA F1 World Championship," it said in a statement.

It added that this was "subject to the requisite technical and safety standards of the FIA being met."

Pirelli's current contract expires at the end of the season, with their tires coming in for heavy criticism earlier in the year when drivers suffered a spate of blowouts.

The Italian company has already agreed contracts with all the 11 teams and the commercial rights holder.

(Reporting by Alan Baldwin, editing by Ed Osmond)

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