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Pirelli announces administrative inquiry into CNRC’s potential breach of Italy’s Golden Power regulations

Author: Stephen Goodchild Comments: 0
Golden Power prohibits organisational & functional links between CNRC & Pirelli (Photo: Stephen Goodchild / Tyre Industry Publications Ltd)

Pirelli announced on 6 November that Italy’s Prime Minister’s Office has initiated an administrative procedure to investigate a potential breach by China National Tire and Rubber Corp. (CNRC) of Italy’s ‘Golden Power’ regulations. Should the investigation substantiate concerns over organisational links between Pirelli and CNRC, it could lead to new or reinforced restrictions on CNRC’s role within Pirelli’s corporate structure.

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