Michelin wants F1 competition

The tyre question is a difficult one. On the one hand, tyre competition introduces variables in the performance equation that can make the racing more interesting, Jenson Button's Imola pole with a tyre that had better one-lap performance being just one example. But on the other hand, tyre competition vastly increases testing costs and makes it harder for the governing body to keep a lid on speeds, both currently key issues.

Edouard Michelin, the company's chairman and CEO, said: "I am surprised by this course of action, as, when we entered F1 in 2001, it was following strong lobbying by certain teams that wanted to benefit from the positive effects of our technology on the performance of their cars. What's more, their requests were supported by the F1 organisers to heighten the sporting interest.

Michelin has decided to consult with its partner teams before taking a position on the subject of an eventual single tyre monopoly.

The company respects the need to reduce F1 costs, but says: "we would like to propose a number of solutions to reduce costs while maintaining the spirit of competition, that is to say the possibility of comparing one's performance against that of one's competitors, within the framework of clear and stable rules."