The Izod IndyCar Series has signed a five-year contract extension with Firestone to remain as the sole tire supplier through 2018, it was announced Friday.
There had been speculation earlier in the year that the series was looking at replacing Firestone when the contract between the two expired at the end of the 2013 season. At one time, it was believed that former IndyCar CEO Randy Bernard was close to inking a deal with Continental to replace Firestone.
"The Firestone brand's significant contributions to IZOD IndyCar Series racing are the result of more than 100 years of experience competing in this sport, most recently as part of a continuous 22-year partnership," said Jeff Belskus, interim president and CEO of INDYCAR, in a statement. "The agreement expands our opportunity to continue working together to provide on-track excitement for our fans and grow the sport through coordinated and consistent off-track promotions."
"This is an important relationship for both Firestone and INDYCAR and we are very pleased to continue the association."
Firestone has supplied tires to IndyCar since the formation of the Indy Racing League in 1996.