Bridgestone confirmed on Thursday that they will commence a three-year contract from January 1, 2008 as the official tire supplier to the FIA Formula One World Championship. The contract, which covers the 2008, 2009 and 2010 seasons, was the result of a successful tender process with the FIA back in 2006.
Last season, all 11 teams ran on Bridgestone rubber, after the Japanese tire manufacturer’s rivals, Michelin, withdrew from Formula One racing.
“Becoming the ‘Official Tire Supplier to the FIA Formula One World Championship’ is a prestigious honor for Bridgestone and we await the start of the 2008 season with great anticipation," said Hiroshi Yasukawa, Director of Bridgestone Motorsport. “Our participation in Formula One is a core element of our company's expansion and development and this is an exciting step for us as a company.
“To be chosen by the FIA as the ‘Official Tire Supplier to the FIA Formula One World Championship’ shows the high regard we are held in by the sport in which we have participated since 1997. We will continue to use Formula One as a global platform for promoting our brand and look forward to continuing our collaboration with the FIA Foundation to promote the 'Think Before You Drive' road safety campaign, the agreement for which has also recently been confirmed for the next three years.
“As the sole tire supplier to Formula One in 2007, we all saw a dramatic and exciting season with very close competition. We strived to treat all teams with fairness and we believe we did a good job. It was an epic battle with Kimi Raikkonen crowned the drivers' champion at the final round and in our role as 'Official Tire Supplier' we now look forward with great anticipation to some equally exciting battles over the next three seasons."