LONDON—The organizing body for the GP2 and GP3 single-seat, open-wheel racing series—both ""feeder series" for Formula 1—have renewed their race tire supply contracts with Pirelli Tyre S.p.A. for "multiple" seasons.
Financial terms of the contracts were not disclosed. Pirelli has supplied the GP3 series since 2010 and GP2 since 2011.
GP2 and GP3 Series CEO Bruno Michel called the body's relationship with Pirelli "strong and healthy" and said Pirelli is "very reactive and understanding of what needs to be provided in order to make our categories extremely competitive."
Pirelli is still waiting to hear from Formula 1's organizing body, the Federation Internationale de l'Automobile, about its F1 contract beyond this season, but Michel said it was "natural to choose them for GP2 Series since they also had become F1 sole supplier, and it has always been our philosophy to use the same tire supplier as F1."
Pirelli Motorsport Director Paul Hembery said Pirelli is happy to continue supplying tires to the two series, which he called "the perfect proving ground" for aspiring F1 drivers.