Michelin threatens to quit F1; FIA responds with insults

Spa Francorchamps, Belgium -- Michelin has threatened to pull out of the 2007 Formula 1 Racing season, as a protest against the FIA's proposed Formula 1 regulations for the 2008 season. In response, the FIA has said, "If Mr Michelin is not aware of [a few] simple facts he shows an almost comical lack of knowledge of modern Formula One."

In a ddition, the Williams team has announced it is switching tyre suppliers away from Michelin and that Bridgestone has entered into a multi-year agreement with the WilliamsF1 Team for the supply of Bridgestone Potenza Formula One tyres from 2006.

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Statement from Michelin (11 Sept.)

Observations on FIA proposals from Michelin (3 Sept.)

Press release from FIA concerning Michelin position.

Press release from Bridgestone concerning Williams contract.