Pirelli say they are keen to keep producing tyres for F1 but will not be drawn into a “bidding war” should another supplier come in for the right to supply F1’s tyres.
Pirelli took over from Bridgestone for the 2011 season and have been F1’s sole supplier since.
The Italian company’s current deal runs out at the end of 2019, and Pirelli say they would not fight too hard to stay as supplier, even though they are keen to do so.
Chief executive officer of Pirelli, Marco Tronchetti Provera said that because of Pirelli’s involvement in other motorsport, it is not essential for them to stay as F1’s tyre supplier.
A Pirelli spokesman told Autosport: “As we have always said, Formula 1 is a good match for us and we are happy and honoured to stay there.
“But if it comes down to a bidding war, we would not stay at any cost.”
What would F1 look like without Pirelli? Would a new supplier keep the new hypersoft tyres? Many unanswered questions but it will be interesting to see what happens.