Goodyear confirms it won’t bid to be F1’s tire supplier in 2017

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Goodyear will have¬†been out of Formula 1 for nearly 20 years dating to 1998 as of 2017, and it won’t be seeking to re-enter that year, either.

The company confirmed in a statement on Wednesday that while it won’t rule out an eventual return to the sport, it won’t seek a bid in 2017.

“The focus of Goodyear’s racing strategy is to advance tire technology on the track and apply our learnings in developing consumer tires,” the statement said.

“We are proud of our heritage as the most successful tire supplier in the history of Formula 1 – and our 368 Grand Prix victories.

“While we are not participating in the 2017 bid, we have not ruled out a return to F1 in the future.”

Pirelli has been F1’s sole tire supplier since 2011.