Michelin to Shed F1 Teams

Tyre supplier Michelin is set to shed at least two F1 teams next year, online news sources have reported. Michelin currently dominates the Formula 1 grid, supplying tyres to 70 per cent of entrants. Michelin CEO Edouard Michelin is expected to announce which teams will swap suppliers to Bridgestone at Spa this weekend. Further speculation has suggested that Michelin may pull out of F1 completely at the end of 2006. Teams tipped to move to Bridgestone include Red Bull and Williams. Toyota is also reported to be under pressure to team up with the fellow Japanese company.