Pirelli Archives — City Business News

June 20, 2023 No Responses

Italy Blocks Chinese Control Of Pirelli Tyre

Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli. The decision is part of measures announced by Italy’s government to protect Pirelli’s independence. Beijing-controlled chemical giant Sinochem is Pirelli’s biggest shareholder, with...

July 2, 2021 No Responses

Pirelli Investor, Camfin Ups Stake To 14%

Pirelli investor, Camfin, has increased its stake in the Italian tyre maker to 14.1% as a result of its previous deal with Longmarch, the investment vehicle of China‘s Niu family.Under the deal, Longmarch will take a 7.68% stake in Pirelli through an.....

October 16, 2020 No Responses

Pirelli Reboots Research, Development

When the coronavirus pandemic forced Italian tyremaker Pirelli to temporarily shut its factories in March, R&D chief Pierangelo Misani needed a rapid rethink.With a new range of products due to be launched by early next year at the latest, Misani...

February 21, 2020 No Responses

Pirelli Unveils New Agenda For Growth

Pirelli has disclosed plans to focus on its premium products and cost-cutting measures to drive a gradual increase in core profit margins over the next two years. Announcing its strategic plan along with annual results, the group said its margin...

February 8, 2020 No Responses

Pirelli To Double Dealer Network

Italian tyre major, Pirelli has drawn up a plan to double its distribution network to 1,200 by the end of next year in India. The company, known for premium and prestige tyre range, majorly caters to cars and motorcycle segments....

November 19, 2019 No Responses

Pirelli Develops Tyre With 5G Network

Pirelli has developed a new smart tyre called Cyber Tyre, which communicates with 5G network and transmit data regarding the road surface. The company explained on Monday that the Cyber Tyre detects and transmits real-time information related to less than...

October 31, 2019 No Responses

Pirelli Tyre Projects 2019 Revenue To €5.3b

Pireli Tyre has projected that its 2019 revenue would grow to 5.3 billion euros, 2,5 per cent higher than a previous guidance of between 1.5% and 2.5%. Under the arrangement, the company is expecting a full-year cash flow of between...

May 16, 2019 No Responses

Pirelli Projects More Growth In 2019

Premium tyre manufacturer, Pirelli has projected a growth rate of between 4% to 6% in 2019. Pirelli, which makes tyres for Formula One racing teams and premium automakers like BMW and Audi, explained on Wednesday that revenues would g...