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...
10y 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...
10y ago from GrandPrixTimes.com
Pirelli to be bought by Chinese firm
– China National Chemical Corporation (ChemChina) has agreed to buy...
10y ago from GPUpdate.net
ChemChina to buy Pirelli for $7.7 billion
China National Chemical Corp (ChemChina) is to buy the world's...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez assesses his Ducati future beyond 2026...
Nine-time MotoGP champion Marc Marquez will be a key figure in the rider...
1d ago from MotorsportWeek.c...
MotoGP 2026: Team launches and pre-season testing...
No description available...
1d ago from Motorsport.com
Aleix Espargaro quits pro cycling after injuries...
No description available...
1d ago from Motorsport.com
FBI seizes $40m collection, including MotoGP bikes,...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
1d ago from MotorsportWeek.c...
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
2d ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Juan Cruz Yacopini to miss 2026 Dakar Rally after sea...
No description available...
4h ago from Motorsport.com
These are leading contenders for the 2026 Dakar Rally
No description available...
3h ago from Motorsport.com
Sebastien Ogier pays tribute to WRC rival that...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'The situation' – Manager responds to Chelsea...
Bournemouth manager Andoni Iraola has played down links with the Chelsea...
59m ago from CaughtOffside.com
'Nothing is signed' - Semenyo set to face Arsenal with...
Bournemouth boss Andoni Iraola says Antoine Semenyo will play in their...
1h ago from SkySports.com
Mikel Arteta provides update on Declan Rice ahead of...
Arsenal manager Mikel Arteta is unsure if Declan Rice will make the squad...
2h ago from SportsKeeda.com
Comments
Hottest News
Symonds slams F1’s 2026 power unit: ‘We ended up with a...
Formula 1’s upcoming 2026 power units have... Read More »
2h ago from F1i.com
FIA introduce ANOTHER new F1 rule after 2025 controversy
The FIA have taken action after controversy at an... Read More »
59m ago from GPFans.com
F1 star only had 'SEVEN days' off over winter break
One F1 star has revealed that they only received... Read More »
1h ago from GPFans.com
