TOKYO (Nov. 3, 2009)—Bridgestone Corp. plans to withdraw from F1 sport at the end of the 2010 season.
The company said it will not enter into a new tire supply contract with the FIA Formula One World Championship series; the current contract is set to expire at the end of the 2010 season.
The company suggested that it made the decision in the face of the continued economic crisis and the need to divert resources into development activities which directly benefit Bridgestone's commercial efforts.