A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact'
unless so noted. Please visit our Hot News page for news. If you have a rumor, or can supply
more information about one listed here,
e-mail us with as
much supporting information as possible and we may post it. User Agreement and Disclaimer.
Newer rumors supersede older ones of the same topic. Go to our
discuss any rumor.
Pirelli To Extend Contract As Official Tire Supplier Of F1 Italian tire manufacturer Pirelli "has confirmed its desire to continue in F1 beyond its current contract," which is due to expire at the end of this year, according to Mat Coch of PIT PASS. Pirelli Motorsports Dir Paul Hembery said that "the company is ready to submit a formal proposal to the teams after months of preliminary discussions."
Returning to F1 in '11 as the sole tire supplier, the Italian company "was subject of heavy criticism" before being credited with helping reinvigorate the sport. Hembery said, "We've had two very exciting seasons, and we feel we've contributed our bit to that, which is what we were asked to do. As a company we are interested in going forward."
While "outwardly happy with the product and show Pirelli has delivered, there are rumblings that some are not entirely satisfied with the current financial arrangement." Pirelli's deal, which sees teams pay a figure in the region of $3M a year for its rubber, "is in contrast to previous supply contracts" when many teams received their tires for free. Pirelli is understood to have "scoffed at the notion it should offer a similar deal." It is believed the teams' contribution barely covers the tire company's logistics, Pirelli's F1 operation runs at a loss, written off for its marketing benefits. PIT PASS
Copyright 1999-2013 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without