Amid much controversy this year, Pirelli confirms that they will again be the sole tire supplier for Formula 1 next year. Rumors of a Michelin return persist, but the earliest that would happen would be 2015.
The FIA has confirmed Pirelli will continue to supply tyres in Formula One.
The sport’s governing body said Pirelli will continue to do so until a new procedure for tendering for such suppliers has been introduced.
A statement issued following a meeting of the World Motor Sport Council said: “In this new process, the FIA will be confirmed as the body in charge of conducting the tender process.”
“The Commercial Rights Holder will be entitled to run the commercial negotiations with potential suppliers, with a view to the selected single supplier being officially appointed by the WMSC.
“In order to cover the transition period and considering the contracts already settled by FOM and the teams with Pirelli, the WMSC today confirmed that Pirelli may continue to supply tyres to competitors in the FIA F1 world championship, subject to the requisite technical and safety standards of the FIA being met.”
Formula One Group was believed to have agreed commercial terms with Pirelli for future seasons before reaching an agreement with the FIA.
The FIA added its new tendering procedure would apply to “appointing single suppliers in the tyre and fuel categories for the FIA F1 world championship”. F1 teams currently source their own supplies of fuel.