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Pirelli Declares Independence from Chinese Control
April 29, 2025
Pirelli announced that Sinochem no longer exercises control over the company, a development confirmed alongside strong 2024 financial results. Pirelli reported a 1% rise in net profit to €501.1 million and a 1.9% increase in revenue to €6.77 billion.
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Jinyu Completes Vietnam PLT Project
April 28, 2025
Chinese tyre maker Jinyu Tire Group has completed the passenger car tyre project in Vietnam as part of its strategy to return to the passenger vehicle tyre market. The group fully commissioned the plant, which can manufacture 10 million high-performance s
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Nexen Tire’s 'Purple Summit 2025' Successfully Concludes In Munich
April 28, 2025
Leading global tyre manufacturer Nexen Tire has successfully concluded its global partnership event, 'Purple Summit 2025,' which was held in Munich, Germany, from 25 to 27 April.
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Chinese tyre maker Linglong to invest $1.19 billion in Brazil factory
April 28, 2025
China's Shandong Linglong Tire is investing USD 1.19 billion to build a new tyre manufacturing plant in Ponta Grossa, Brazil, through a joint venture with SUNSET S.A. The facility, targeting an annual output of 14.7 million tyres, highlights Linglong’s
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Shailendra Luthra Becomes Chairperson For FADA Delhi Chapter
April 28, 2025
Luthra will closely work with authorised automobile dealers to solve their issues, as well work with the Delhi government and departments to protect the interests of the automobile retailer community in the NCT region.
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Pirelli Signs Strategic Partnership with CTS to Boost Nordic Presence
April 28, 2025
Pirelli announced a strategic partnership with CTS to expand its presence in the Nordic region, particularly Sweden, by selling Däckia AB while securing a long-term supply agreement. The deal strengthens Pirelli’s focus on the premium and EV tyre segme
