Michelin proposes tyre supply balance

MICHELIN PROPOSES A BETTER BALANCE BETWEEN TYRE MANUFACTURERS IN FORMULA ONE FROM 2006

Since its return to Formula One, Michelin has noticed a strong imbalance in its favour; 7 teams having requested Michelin to provide tyres to them. This tendency has continued since an eighth team has now asked Michelin for a partnership agreement.

Michelin is obviously delighted by the confidence this demonstrates, both in the positive appreciation of its products by its partners and also in the recognition of its policy of treating all its partners equally.

However, this situation does not help the development of long-term competition between tyre manufacturers; a principle to which Michelin is firmly committed.

As Michelin Chairman and CEO, Edouard Michelin has often reiterated: "Formula One must remain the marvellous technological showcase that it is, thus allowing the world's automobile players to compete, whilst offering a true show for the fans, as well as providing benefits within the automotive industry."

"It is with this in mind that tyre manufacturers must be able to make their own contribution towards improving the performances of the teams they supply. This supposes that there be at least two tyre manufacturers involved, maybe even more."

Michelin is therefore completely open to allowing for a more balanced split of teams among tyre manufacturers, starting as early as the 2006 season.

Furthermore, as Michelin has often stated, it remains fully in favour of working on adapting the regulations relating to tyres in the F1 environment, with a view to better cost-control, improving safety and to continuing to develop exciting racing for the fans.

-michelin-