Reports: Michelin May Pull the Plug on F1 Tyre Bid
Michelin is reportedly close to pulling out of its present bid to supply tyres to Formula One in the 2011 season of the motor racing series. If correct the news reports, which are based on French newspaper L'Equipe’s publication of an interview with Michelin managing partner Didier Miraton, leave Pirelli as the front runner. Rumours have suggested Pirelli has been favourite to secure the contract for a few weeks, but delays in agreeing a deal had suggested Michelin was still in the running.