Sunday 17 September at 10:35 Pirelli making ‘softer than ultra-soft’ tyre for 2018 Font size: Sunday 17 September at 10:35 : Sep.17 (GMM) Pirelli has committed to supplying softer tyres to F1 teams and drivers in 2018. Although the tyres are bigger this year to accommodate the much faster 2018 cars, there has been widespread criticism of the compounds — especially the hardest ones.
AKRON—Despite relatively lackluster first-half financial performances, tire makers for the most part are optimistic about their second half and fiscal 2017 earnings prospects.
AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.
MILAN (Reuters) – Italian tyremaker Pirelli, bought by state-owned China National Chemical (ChemChina) two years ago, will sell up to 40 percent of its equity capital in an initial public offering as it plans to return to the Milan stock exchange in October.
The relisting of the world’s fifth-largest tyremaker will test demand for a streamlined firm that focuses on high-end consumer tyres, after the company’s less profitable truck and industrial tyre business was folded into a unit of ChemChina[CNNCC.UL].
A confidential study prepared by analysts at Banca IMI, one of the global coordinators for the IPO, valued the group’s equity at between 7.6 billion and 8.7 billion euros ($9 billion – 10.4 billion).
Pirelli announced that it is working with Fisker Inc. to create advanced low rolling resistance tires for the new Fisker EMotion luxury electric vehicle, set to launch in late 2019.
Pirelli will develop summer P Zero tires in the following sizes for the Fisker EMotion: 285/35R24 (F) and 305/35R24 (R). The focus of this development will be on low rolling resistance, spirited handling and extra comfort due to tall sidewalls.
Pirelli Tire North America (PTNA) has partnered with Mothers Against Drunk Driving (MADD) keep roads safe from drunk drivers.
Between Aug. 26 and Oct. 2, 2017, for every new set of Scorpion tires purchased in North America, Pirelli will give customers a $60 Visa prepaid card and will donate $5 to MADD. Pirelli will also give customers the opportunity to donate to MADD as well.
New Delhi, Delhi, India Strengthening its presence in India, Pirelli inaugurated its new Pirelli Tyre Centre for Car, SUV and van Tyres in New Delhi. The new Tyre Centre underlines Pirelli’s steady expansion in India. Pirelli Tyre Centre is a one-stop shop offering quality tyre-specific services.
TP Commercial Solutions LLC has announced it will have a new office headquarters in San Diego, as of Sept. 1. The company’s move will allow for its expansion in the U.S. and Canada for truck, agricultural and off-road tires. TP Commercial Solutions LLC is part of Prometeon Tyre Group, the fourth largest commercial tire group in the world.
Pirelli has appointed a new CEO in Germany. Michael Wendt, former MD of the technical department, succeeds Frank J Delesen, who left the company for personal reasons by mutual agreement.
Michael Wendt, a qualified physicist, began his career at Pirelli in 1989. After holding various positions in tire development at the site in Breuberg, Germany, he moved to the group headquarters in Milan, Italy, in 2002 where he worked as manager for high performance and UHP tires and research and advance development. In 2007, Wendt returned to Breuberg as MD for research and development. In summer of 2013, Pirelli Germany restructured the technical division and expanded Michael Wendt’s area of responsibility. As MD of the technical department he has been responsible for R&D, production, quality and sales of OE tires.
Wendt intensified knowledge sharing between research and production and contributed decisively to the fact that the Breuberg plant was awarded the Pirelli Factory Award in 2015 and 2016.
Engineers of Pirelli developed this tire precisely according to specifications of the Auto-mobile manufacture from the Bavarian town of Buchloe. With this special edition the renowned manufacturer will equip its new models BMW ALPINA B5 Bi-Turbo Saloon and Touring, both with all-wheel drive. ALPINA homologated this version of the P Zero, cus-tomized to the individual characteristics of these car models. The original equipment tyres are easy to recognize by the ALP-marking on the tyre wall.