The FIA has today issued the following statement in reaction to Michelin's decision to withdraw from F1 at the end of 2006.

The FIA has noted Michelin's announcement of its withdrawal from Formula One at the end of 2006.

Everyone in Formula One will be most grateful to Michelin for the efforts they have made and for their courtesy in giving the necessary full year's notice.

The competing teams have repeatedly and unanimously requested the FIA to impose a single tyre supplier in Formula One. This has been agreed for 2008, but Michelin's announcement makes it probable for 2007. The teams will certainly be glad of this.

A single tyre supplier will undoubtedly make Formula One fairer, safer and less expensive for the teams but, above all, it will avoid a repetition of the problem which arose at the 2005 US Grand Prix.

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FIA reacts to Michelin announcement

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