Formula One's sole tyre suppliers Pirelli warned on Friday that time was running out on a new contract if they were to stay in the sport beyond the end of the season. "Time is of the essence, I would suggest," the Italian company's motorsport director Paul Hembery told reporters at the Bahrain Grand Prix. Hembery said he had tried to avoid setting a deadline for a deal, so as not to create unnecessary tension, but the world's fifth largest tyremaker "won't and cannot hang on forever. "I've got a pretty good idea when that (deadline) is going to be and I've urged the teams to decide what they want very quickly," he said. Formula One supremo Bernie Ecclestone told...
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