Source:Agencies Published: 2015-10-11 23:28:01
Pirelli will stay as Formula One's tire supplier until at least 2019, the Italian company said at the Russian Grand Prix on Sunday.
"We can confirm that the commercial deal for 2017-2019 has been reached. The official procedure will follow," Pirelli Motorsport said on Twitter.
Formula One's commercial supremo Bernie Ecclestone had told BBC television, after shaking hands with Pirelli Chief Executive Marco Tronchetti Provera on the Sochi starting grid, that "we've done a deal."
Pirelli, the existing supplier, were competing against French company Michelin for the deal which still has to be formally ratified by the governing FIA (International Automobile Federation).