F1 will invite companies to bid to become sole tire supplier

MONACO (AP) — Formula One’s governing body has invited companies to bid to become the sole supplier of F1 tires for a three-year period starting in 2017.

Pirelli has been the sole supplier since 2011 and has a deal running until the end of next year.

Governing body FIA wants applications by June 17, and candidates must meet technical and safety requirements to be considered.

As part of its bid to make cars faster, FIA is considering introducing wider tires as from 2017 to speed up lap times by up to six seconds.

Pirelli motorsport director Paul Hembery says his company is “happy with our involvement” in F1 but has yet to commit on whether it will bid again.