Goodyear has previously supplied F1 with tyres and to this day remains the sport’s most successful tyre supplier with 361 grand prix wins to its name.
However the company has refused to confirm whether or not it will submit a tender to return to F1 in 2017, when Pirelli’s current contract comes to an end.
The FIA recently opened up the tender process to find a new supplier, with Pirelli so far the only company to have confirmed its application. Meanwhile Michelin has signalled an interest in returning, though it could choose to focus on MotoGP.
Goodyear, which also controls the Dunlop brand, already compete in NASCAR, LMP2, GT, BTCC and Moto 2 between them.
Whilst some sources has suggested the company is likely to focus its efforts on NASCAR, Darren Wells, Goodyear’s European, Middle Eastern and African president remained tight-lipped on their F1 decision.
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 told Motorsport.
“I expect, one way or another that you will find out next week.”
A statement about its intentions is expected next week, with sources suggesting a bid to supply F1 in 2022 is more likely for the company.