Oct.7 (GMM) Pirelli will decide next June whether or not to stay in formula one.

The Italian marque's three-year contract to be the sport's sole tyre supplier expires at the end of next season.

Motor sport boss Paul Hembery has said it is likely Pirelli will seek to stay.

He is quoted by Brazi's O Estado de S.Paulo: "The decision to renew the contract will be taken in June (2013).

"In principle we will proceed with the project, because we have achieved the goals we set technically and in terms of marketing, and I think for the public too.

"But we do need to understand better the formula one (regulations) of 2014," Hembery admitted.

Asked if Pirelli would still be interested in F1 if the FIA opens up the rules to another tyre maker, he answered: "Why not, as it may be good for formula one.

"But first we would need to know the details of the regulations."

F1 chief executive Bernie Ecclestone indicated he is happy if Pirelli stays on.

"It (the tyres) is a very important variable. And they are doing a good job -- don't you think the races are exciting?" he said.

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games