Goodyear will not submit a tender for the new Formula One contract from 2017.
The company, which has scored more Grand Prix wins in the history of the sport than any other tyre supplier, will not absolutely confirm the decision but multiple Motorsport.com sources believe that the company have made the decision to concentrate on its current commitments in NASCAR.
The Group also races in LMP2, GT, BTCC and Moto 2 though its Dunlop brand.
Speaking exclusively to Motorsport.com Darren Wells, President of The Goodyear Tire & Rubber Company’s Europe, Middle East and Africa business unit, would not confirm a decision either way.
“Motorsport is core to the motorsport brand and business. Whenever there is a motorsport opportunity we will spend time thinking about it but we have to be selective and make sure we are prepared," Wells said.
"I expect, one way or another that you will find out next week.”
Wells was visiting the Le Mans 24 Hours where Dunlop, which is a brand within the Goodyear empire, is competing in the LMP2 and LMGTE Am class.
Motorsport.com believes that Goodyear remains in a state of readiness for the next tender for the Formula One contract after the current process.
An official communication to this effect will come by next Wednesday.
Goodyear withdrew from F1 at the end of 1997 with 361 Grand Prix wins, 25 drivers' crown 26 manufacturers' title.