Pirelli to bid for Formula One tire contract
Pirelli has confirmed its plan to bid to become the race tire supplier for the F1 world championship starting next year, replacing Bridgestone Corp., which is withdrawing at the end of this season after four years as the series' sole supplier.
Pirelli said it plans to submit its technical and commercial offer for the contract by May 9, the date of the next Formula One race--at Circuit de Catalunya in Montmeló, Spain, north of Barcelona--to the Federation Internationale de l'Automobile (FIA) and Formula One Administration Ltd. (FOA), the sport's governing bodies.
Pirelli will be in a bidding battle with Group Michelin and Cooper Tire & Rubber Co.'s Avon Tyres Motorsports unit, both of which have acknowledged being in discussions with the FIA and/or F1 teams about the contract.
Pirelli was an F1 tire supplier on at least two occasions in the past, the last time from 1988 to 1991. It also weighed bidding for the contract four years ago when it last came up for offer.
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