LONDON (Feb. 3)—Federation Internationale de l´Automobile (FIA), the sanctioning body for Formula 1 auto racing, is "strongly in favor" of restricting the tire supply to a single manufacturer, perhaps as early as the 2006 season.
Paris-based FIA, which sanctions a wide range of international and European motorsports series, said it would invite the tire makers now supplying F1—Bridgestone Corp. and Groupe Michelin—to a meeting this spring to discuss this option in further detail, according to the minutes of a federation meeting in London on Jan. 28.
Bridgestone has been supplying F1 teams with tires since the 1997 season and Michelin since 2001. Ferrari driver Michael Schumacher has won five consecutive driver´s championships using Bridgestone tires.
Restricting the tire situation to one supplier would help teams reduce costs, since they wouldn´t have to spend so much time testing tires. The Williams team estimated this change would result in savings of as much as 8 percent of its annual budget.
Neither Bridgestone nor Michelin has commented on the proposal publicly since the FIA made the minutes of the meeting public.