Pirelli believes that the present economic climate will put the brakes on any ambitions other tyres manufacturers might have to enter the Formula One arena.
According to Paul Hembery, the motorsport director for the Italian tyres marque, it is likely to continue unchallenged in its role as the sole supplier of tyres to the sport.
In a wide-ranging interview with spox.com, Hembery said: “At Pirelli we love competition, but this is not a question for the moment.
“We are in Formula One to serve the teams and at the moment there are no other suppliers. It would mean shifting the development and that would cost money.
“And that’s money that, in the current difficult economic climate, no one wants to spend. Maybe that will change in the future.”
A third of the way through its first season of a new three-year tenure as the sport’s sole supplier, Pirelli is pleased with the performance of its tyres so far.
Alex Kapadia, Operations Team