Pirelli is hosting a press conference at its base in Milan this morning, laying out plans for the 2013 season and it is claiming a half second a lap improvement in performance over 2012. And the company president said that Pirelli intends to renew the contract with F1 after it expires in December and that he is “confident” it will happen. In Formula 1 it promises “a revolution” with tyres featuring new softer compounds and constructions which will suffer more thermal degradation than last years’, forcing the teams to make two stops as a minimum and “increasing the overtaking opportunities More…