One of the storylines that is occurring this week is which companies are or are not submitting a bid for the 2017 Formula 1 tire contact.
Nearly 10 years after its last year in F1 in 2006, Michelin seeks to get back in the game, having confirmed earlier this week it would launch a bid for the 2017 contract.
On Tuesday, Michelin confirmed their announcement via Twitter:
The switch to the 18-inch tire would replace the current standard of 13 inches as in place by Pirelli.
Michelin has long been a proponent of welcoming competition in the series it competes in, so being a single supplier would run counter to that long-standing standard.
Michelin has spoken about its desire to re-enter the sport earlier this year, given the planned regulation changes.
Goodyear, which last supplied rubber to F1 in 1998, confirmed on Wednesday it would not submit a bid.