Michelin could pull out in 2007 11 Sep 2005
Michelin have said they may consider withdrawing from Formula One racing at the end of next season if the sport decides to switch to a single tyre supplier in the future.
Current proposals for the 2008 Formula One regulations suggest the use of a single tyre supplier, in order to help control costs and speeds. Michelin are opposed to this idea.
The French company says that it is: in contradiction with the spirit of racing and the very essence of the values of competition; is contrary to the spectators' and TV audiences' interests; is not the only way of reducing costs; and does not guarantee fair treatment of all teams.
In light of these views, Michelin say that if the FIA does not change the policy on a control tyre in the next few weeks then they will be forced to question their involvement in Formula One racing in 2008. The FIA points out that it was the teams, including Michelin's, who put forward the proposal, for which it says there are many strong arguments.
Michelin added that they may even contemplate pulling out ahead of the 2007 season. Whatever happens, they will continue to supply their contracted teams for 2006, out of respect for their partners and the current Formula One rules.