Monte-Carlo, Moncao:  Italian tyre suppliers Pirelli on Thursday gave Formula One a stark warning about their current stalled talks on a new deal -- and warned they are ready to pull out at the end of this season.Pirelli's motorsport director Paul Hembery said that the sport was facing an "extremely serious situation" which must be resolved quickly. If not, he said, Pirelli would find it impossible to make new tyres for the 2014 season."Apparently on September 1, we are meant to tell them (the teams) everything that they need to know with the tyres for next season, but now we are in mid-May," he explained."You can imagine how ludicrous that is when we have not...
Full Story »