Pirelli has confirmed it is aiming to stay in F1 when its current three-year contract expires in 2013, according to AUTOSPORT.
Paul Hembery, the tyres manufacturers motorsport director, confirmed in an interview that Pirelli sees the sport as a “medium-to-long-term” project.
“Our current contract runs until the end of 2013, but we always intended to be in F1 for the medium-to-long term,” he told AUTOSPORT. “The deadline for the 2014 decision is next June.
“If the sport wants us to stay and we can convince the board to continue, in light of economic conditions, then our intention is to go forward.”
However, Hembery played down fears that a Eurozone crisis could influence the decision.
He said: “We’re a global company, leveraged all over the world and depending on how a host of markets perform, not just Europe.
“F1 is a unique brand, with reach in emerging markets that are important to us.”
Alex Kapadia, Operations Team