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Motor racing-Pirelli renews F1 supply contract

Pirelli have renewed their Formula One contract and will remain the sport's sole tyre supplier for the next three years, the Italian company said in a statement on Thursday. The news was expected, with the governing FIA saying last October that the contract would continue through an undefined "transition period" before any eventual tender. Pirelli had talked then of a five-year deal. Pirelli, whose tyres caused controversy last year when they had to be redesigned after a spate of blowouts, also announced changes to the sporting regulations that will allow them more testing time. The new rules will mean one of the 12 days of official pre-season testing will have to be dedicated...
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