Pirelli, the slip of Sinochem. No to the spin-off of CyberTire
Pirelli's board has rejected the spin-off of its smart tire division, Cyber Tire, following a close vote amidst differing opinions among Chinese shareholders.
Pirelli, the hypothesis of a 10% Chinese stake emerges
Pirelli is reportedly negotiating with its Chinese partner Sinochem to reduce its stake to 10%, thereby mitigating risks associated with new US regulations on connected vehicles.
Pirelli, the Chinese towards freezing
The Italian government and Pirelli are considering new solutions regarding the Chinese Sinochem's stake in the tire giant amidst impending U.S. restrictions on technology components linked to Chinese interests.