PARIS (May 22, 2006) – Tire makers interested in becoming the sole tire supplier to the Formula 1 World Championship starting in 2008 have until June 23 to submit bids, according to the Federation International de l'Automobile (FIA), F1's sanctioning body.
The bids are open for a tire maker to become the single tire supplier for the F1 Grand Prix series in 2008-2010.
The FIA wrote into its regulations for the 2008-2010 season the change to a single tire supplier, citing several safety and competition issues as its reasons.
Group Michelin and Bridgestone Corp. supply the 11 teams competing in this year's championship. Michelin stated in January it will end its involvement in F1 after the 2006 season, saying it considers F1´s move to single tire supplier status counter to Michelin´s “long-standing sporting philosophy.”
The FIA disclosed its control tire proposal last July, saying such a move would allow a bigger safety margin; reduce tire testing needs; ensure that no team would be adversely affected by being contracted to the “wrong” supplier; allow a return to slick tires; and allow for the use of lower profile tires.