The FIA's World Motorsport Council met in Paris on Wednesday and decided that the current rule which places no limit on the number of tire manufacturers competing in Formula One racing will remain in force at least until 2008.
"With (tire) restrictions one of the most straightforward ways of cutting car performance, there had been speculation that the sport's governing body may push for a move to a single supplier," it was reported on the Federation Internationale de L'Automobile (FIA) Web site.
"The decision secures the future of Michelin and Bridgestone in Formula One racing." (Groupe Michelin and Bridgestone Corp. are the only two tire suppliers to F1 racing.)
In early 2004, the FIA announced it wanted all its F1 race cars to drive on one tire brand starting with the 2006 season in order to reduce F1 racing costs.
