• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Report: Hankook Considering Formula One Supply

Report: Hankook Considering Formula One Supply

Date: 4th June 2010 Author: Tyrepress Editors Comments: 0

Hankook Tyres is reportedly planning to supply its tyres to Formula One racing teams “within a few years.” The Australian Brisbane Times quotes Hankook executive vice president, Hyun Bum Cho, as saying: “In the future we want to have some hefty market share in that [racing] segment. It’s quite profitable…but in order to really leverage from motorsports in terms of brands, you need to participate in either World Rally Championship or a very high segment in Le Mans, or Formula One…So in the future that’s the target that we have, to participate in those segments.”

Referring to the current F1 tyre selection saga, Cho confirmed that Hankook was approached to become part of the series sooner than executives had expected: “Probably all of you know that Mr Bernie Ecclestone has some trouble with tyres this year…I talked to him personally. We decided not to go on with the program [for 2011]. He needed a tyre very, very quick, and we could not prepare it.”

The Brisbane Times quoted Cho as saying that Hankook may “have a shot for next term, or another term”, but “not more than two or three years.”

Related News:

  • No F1 Tyre Decision; 2 Horse Race Between Michelin and Pirelli

  • Pirelli Chosen for F1 Tyre Supply – News Reports

  • Pirelli & Michelin – Last Men Standing in F1 Tyre Supply Battle?

Related news:

  1. Is Michelin to Return to WRC?
  2. One by One, Companies Claim No F1 Interest
  3. Ecclestone distances himself from Michelin F1 speculation
  4. Pirelli to make WRC comeback
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Formula One, Hankook, Michelin, Pirelli, rally, World Rally Championship

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Analysts: European Car production May Be Higher than Expected Le Mans Goes Virtual with Michelin
Scroll to top