Goodyear leaving F1

Citing rising costs of F1 and the new tire regulations, Goodyear announced that it is leaving F1 after the 1998 season. William Sharp, president of the Goodyear's global support operations, said, "Rule changes imposed for race tires by the ...

Citing rising costs of F1 and the new tire regulations, Goodyear announced that it is leaving F1 after the 1998 season.

William Sharp, president of the Goodyear's global support operations, said, "Rule changes imposed for race tires by the governing body for 1998, the ever escalating costs of participation and the consequent diminishing returns on the company's investment in Formula One are major factors in Goodyear's decision."

Source: Associated Press

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Series Formula 1