NK Rosneft has agreed to become Pirelli’s biggest investor by acquiring an indirect stake in the company. As per the agreement with Unicredit Bank, Intesa Banking Group, and Clessidra Fund, Rosneft will buy 50% share of the company holding 26.19% of Pirelli & C. S.p.A. stake. The transaction will be carried out at a value
One week after the disastrous British Grand Prix, Pirelli heads to the Nurburgring in Germany. Pirelli has decided, in light of the tire failures at Silverstone, to bring Kevlar belted rear tires to Germany. Pirelli blamed the tire failures on a combination of factors. These included rear tires being mounted the wrong way round, low tire pressures, extreme
Tire manufacturing in Europe is going through something of a crisis. In January Goodyear announced the closure of its factory in Amiens-North. Last month Bridgestone announced the closure of its factory in Bari, Italy. None of this has provoked much debate Rumours that Michelin will reduce its output, however have triggered a string of comment
Three key stories emerged from the opening day of the Geneva Motor Show. ETRMA members met in Geneva and agreed to work together to help governments enforce the EU Labelling scheme Tire makers see the EU car tire sales downturn as structural – no recovery any time soon. BMW once again leads the OE field
Pirelli and its Russian joint venture partner have officially opened a new tire manufacturing line at the factory in Voronezh. The investment includes a mixing centre. The new line is capable of making the latest Winter tires for use in Russia and the rest of Europe. The factory will begin shipping the tires from March
Pirelli has removed the nudes from the famous Pirelli Calendar. Thank Goodness! It is unfortunate that the most famous object associated with a tire company is a set of nude and semi-nude images of women. I thought the Pirelli Calendar was out-dated. I thought it was sexist. I thought it was inappropriate to a modern,
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