Tag: Pirelli
Brembo acquires 2.43% interest in Pirelli
Braking systems company Brembo S.p.A. has announced that it holds an interest in consumer tyre manufacturer and fellow Formula 1 supplier Pirelli. As of 31 March 2020, Brembo holds a 2.43 per cent stake in Pirelli, both directly and through its parent company Nuova FourB.
Pirelli subscribes to 800 million euro ‘sustainable’ credit line
Pirelli has subscribed to a new 800 million euro line of credit financing with a number of leading Italian and international banks. This line of credit has a five-year maturity and is entirely sustainable, in accordance with Pirelli’s economic and environmental sustainability targets.
No Pirelli Calendar for 2021 – tyre maker donating to coronavirus research
There will of course be 12 months next year, but you won’t be able to check that on a Pirelli Calendar. Pirelli has decided to cancel production and the launch of the 2021 Calendar, and instead ‘The Cal’ project will, in the context of other initiatives already undertaken by the company, donate 100,000 euros to the fight against and research into the coronavirus.
British-based F1 teams helping raise ventilator capacity
Formula 1 teams based in the UK are working with the government and other groups to help address a shortage of respiratory equipment amid the coronavirus crisis. The news follows a government call for businesses to help increase the supply of ventilators to hospitals. According to an official statement, the teams have expert design, technology and production capabilities, and specialise in rapid prototyping and high value manufacturing, which is hoped can be applied to the critical needs set out by Government.
Pirelli announces slowdown plan for USA factory
In addition to pausing production in the UK, Pirelli will first reduce production at its plant in Rome, USA and then close it completely for a week.
Pirelli stopping production in UK plants
A combination of health concerns and a significant slowdown in the automotive sector have prompted Pirelli to temporarily halt production at its factories in Burton on Trent and Carlisle. The stop will begin on 23 March.
Pirelli suspends production at Romanian plant
Pirelli is suspending activity at its plant in Slatina Romania on 23-31 March. The plant, which produces car and motorsport tyres, has around 4,000 employees.
Pirelli ‘willing to help’ with UK ventilator production
In light of the Covid-19 coronavirus outbreak, Prime Minister Boris Johnson has asked UK manufacturing firms to assess whether they can shift production to ventilators for the NHS on Monday 16 March 2020. A day earlier Health Minister Matt Hancock wrote: “We now need any manufacturers to transform their production lines to make ventilators. We cannot make too many”, in a Telegraph article.
Pirelli USA raises tyre prices 5%
Pirelli Tire North America has announced that it will increase prices in the US for car and light truck tyres. The price increase is set to take effect from 6 April 2020.
Pirelli: Australian GP cancellation a disappointing decision, but the right one
Pirelli says it “understands and fully agrees” with the decision to cancel this weekend’s Australian Grand Prix. The event was stopped after confirmation came that a member of the McLaren Racing Team has tested positive for COVID-19, leading to the team’s withdrawal. The FIA and Formula 1 convened a meeting of the other nine team principals on Thursday evening, which concluded with the majority favouring stopping proceedings.
Pirelli Turin employee tests positive for Covid-19, production slowed
On the evening of 10 March, Pirelli announced that one of the employees at its Turin factory has tested positive for Covid-19. The third statement in two days from Pirelli said that company was informed by the family of an employee at its Settimo Torinese factory, with the subsequent confirmation of healthcare authorities. In response, the company has slowed down production, but says that it continues to guarantee supply to clients:
Pirelli: Business activities remain ‘guaranteed’, despite national lockdown
Pirelli’s business activities remain “guaranteed”, despite the further steps taken by the Italy government to combat Covid-19 yesterday evening.
Pirelli 4×4 award for Micheldever Tyre and Auto Services
Micheldever Tyre and Auto Services in Winchester has been named Pirelli 4x4 Key Dealer of the Year for a third time in the award’s five-year history. Pirelli UK commercial director, Jason Sugden congratulated the branch, saying the brand’s audit “is designed to really test the knowledge of the depot and to receive a winning score is testament to all the team and their hard work.”
Pirelli: Business activities guaranteed, despite Covid-19
Pirelli’s business activities are “guaranteed”, despite the steps taken by the Italy government in light of the Covid-19 coronavirus. And there has been no impact on production activities, according to the company.
New P7 arrives as Pirelli Cinturato celebrates platinum jubilee
The Pirelli Cinturato is 70 years old, and what better way to celebrate than with a new tyre? Pirelli says a new-generation Cinturato P7 is on its way. It is also marking the anniversary by looking back at how the technology behind the name has evolved over the decades. An industry revolution It all began […]