News Details
Pirelli bought out by Chinese state owned company
State-owned China National Chemical, or Chem China has bought Formula 1's official tyre supplier Pirelli and secured control of the Milan-based company valued at over 7 billion. According to Forbes, the deal 'will put 140 years of Italian tradition and research and development at the service of the huge Chinese market'. Pirelli chief executive Marco Tronchetti Provera, however, will keep his role. 'But the new paymaster,' explained Forbes correspondent Marcel Michelson, will be a man who 'reports to China's State-owned Asset Supervision and Administration Commission, headed by Zhang Yi who sits on the central committee of the communist party'. Reports on GrandPrix247.com by: staff &...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Pirelli to be sold to Chinese company
F1 tyre supplier Pirelli is set to come under new Chinese ownership after...
11y ago from Crash.net
China's ChemChina to buy Pirelli for £5.1bn
Formula 1's official tyre supplier, Pirelli, is set to change hands next...
11y ago from GrandPrixTimes.com
Pirelli to be bought by Chinese firm
– China National Chemical Corporation (ChemChina) has agreed to buy...
11y ago from GPUpdate.net
ChemChina to buy Pirelli for $7.7 billion
China National Chemical Corp (ChemChina) is to buy the world's...
11y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP chiefs visit Buenos Aires construction site...
No description available...
2h ago from Motorsport.com
What is custom motorcycle paint in the racing world?
Custom paintwork involves decorating vehicles. There is the Californian...
14h ago from MotorsportWeek.c...
Why Jorge Martin is back - but not at his best yet in...
No description available...
1d ago from Motorsport.com
MotoGP's Concorde Agreement edges closer as talks near...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar changes Arlington results, penalizing Kyffin...
No description available...
18h ago from Motorsport.com
Ed Carpenter set for one-off Indy 500 run with...
No description available...
23h ago from Motorsport.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
1d ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Subaru teases new rally car for Japanese Championship
No description available...
5h ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Kvaratskhelia and Gordon among Arsenal forward targets
Khvicha Kvaratskhelia and Anthony Gordon are among the targets Arsenal are...
1h ago from SkySports.com
Nothing lasts for Eze
Eberechi Eze’s calf injury feels symptomatic of Arsenal’s season in...
2h ago from Arseblog.com
Episode 869 – The Box
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
4h ago from Arseblog.com
'There's no star player' – Jamie Carragher warns...
Liverpool great Jamie Carragher has warned Arsenal manager Mikel Arteta...
4h ago from SportsKeeda.com
Comments
Hottest News
Who is Melissa Jimenez? F1 presenter and mother of Fernando...
Fernando Alonso has just welcomed his first child... Read More »
1h ago from GPFans.com
Aston Martin sets ambitious F1 target as Honda identifies...
Honda chief trackside engineer Shintaro Orihara... Read More »
2h ago from MotorsportWeek.com
Nico Hulkenberg appears to confirm Audi rift rumours with...
Nico Hulkenberg has appeared to confirm rumours... Read More »
5h ago from MotorsportWeek.com
