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Pirelli granted contract extension, remains sole F1 tyre supplier until 2024

Pirelli has been granted a one-year extension as Formula 1’s exclusive tyre supplier following a World Motor Sport Council meeting on Friday. The Italian marque’s deal that was signed in 2018 was originally intended to run until the end of 2023 and included a switch to 18-inch tyres in 2021. However, the Covid-19 pandemic forced F1 to push back the introduction of new technical regulations, which included the 18-inch tyres, until 2022. As a result, Pirelli will continue to be F1 sole tyre suppler until at least the end of the 2024 season. The FIA has clarified that it permitted the extension of Pirelli’s contract by one year “to reflect the original intention of the 2018 tyre...
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