Pirelli Archives - Page 136 of 213 - Tyrepress

Known for its style, speed and performance marketing values, Pirelli & C. S.p.A. is a multinational company based in Milan, Italy, listed on the Milan Stock Exchange since 1922, with a temporary privatization period by the consortium led by the Chinese state-owned enterprise ChemChina.

Tag Archive for: Pirelli

Volvo Launches UK Winter Tyre Programme

Volvo Car UK has announced the launch of its new Winter Tyre Programme, which offers drivers the opportunity to purchase a set of alloy wheels and Continental or Pirelli winter tyres. For a twice yearly charge, Volvo is also offering storage of the off-season tyres and fitment when it is time for the changeover. Volvo says the scheme is “a response to last January’s heavy snowfall, which saw the coldest temperatures since 1963 and icy conditions that caused misery for millions of motorists”.

22nd October 2010/by Tyrepress Editors

Analysts Welcome Pirelli Broadband Sale, Expect Aggressive Capital Investment

Despite affirming that Pirelli’s recent sale of its broadband business confirms the company’s focus is on its tyre operations, some financial analysts have responded by saying Pirelli’s stock sentiment has peaked for the time being. Their thinking is that the company is on the brink of announcing a series of capital expenditure investments. In response to news that Pirelli sold its broadband operations to ADB for 30 million euros, a Morgan Stanley investor’s note said: “We valued the business at 13 million equity value, the sale price is 30 million (the difference is irrelevant for the share price).”

22nd October 2010/by Tyrepress Editors

Webber on Top with Bridgestone’s Soft Tyre

Bridgestone’s soft tyre took Red Bull Racing’s Mark Webber to the fastest time in practice for the first ever Korean Grand Prix. Webber set a 1:37:942 lap time midway through the afternoon practice session at the newly constructed Korean International Circuit in Yeongam, approximately 400km south of the South Korean capital of Seoul. There seem to be plenty of challenges for Bridgestone at the new circuit, with a dirty, slippy surface and three distinct sectors putting different pressures on the rubber. Webber's teammate Sebastian Vettel suffered a puncture, leaving him seventh fastest.

22nd October 2010/by Tyrepress Editors

Pirelli Sells Broadband Business to ADB for 30 million euros

Pirelli & C has sold its broadband business to Advanced Digital Broadcast Holdings (ADB), a company quoted on the Swiss stock exchange for 30 million euros. Analysts received the move as confirmation that the company is wholly dedicated to its tyre business after the separation of its real estate arm earlier this year. The deal was announced on 21 October hours after the company confirmed that Prelios (the new name for Pirelli RE) would make it stock market debut on 25 October.

21st October 2010/by Tyrepress Editors

Pirelli F1 Tyres Have “Different Characteristics”: de la Rosa

Pirelli’s test-driver Pedro de la Rosa has told motorsport journalists that pleased with the development of the future tyre supplier’s current product following a two-day testing session at the Circuit de Catalunya near Barcelona. Former Sauber BMW driver de la Rosa told Autosport today: “These Pirelli tyres have their own quite different characteristics to the current supplier that the drivers will appreciate next year. I'm confident that they will form a very competitive package. Pirelli's arrival is great news for Formula One.”

21st October 2010/by Tyrepress Editors

NETA Supports Yorkshire Air Ambulance With Charity Efforts

The Yorkshire Air Ambulance (YAA), which provides a life saving emergency service to the five million people across the county, has today received a cheque at their base at Leeds Bradford Airport worth £1000 from Deborah Horton of North Eastern Tyre and Autocare (NETA). The cheque was handed over following a string of fundraising efforts undertaken by the vehicle care specialists.

Deborah Horton is area retail manager for NETA, which has seven retail centres, 15 HiQ Fast Fit centres operated under franchise, as well as five wholesale depots across the North East and Yorkshire. She explains why the charity is so close to NETA’s heart: “The YAA works across the entire region covering rural landscape, major cities as well as motorways and thanks to its rapid response to emergencies it is responsible for rescuing hundreds of lives, many of which are the result of road accidents.”

19th October 2010/by Tyrepress Editors

Pirelli Begins 2010 Performance Centre Audit

Pirelli has commenced the second phase of its 2010 Pirelli Performance Centre (PPC) technical auditing process in the UK and Ireland, with the highest scoring depots set to be nominated for the prestigious title of Pirelli Performance Centre of the Year 2010. Pirelli developed the performance centre accreditation scheme to provide a network of dealers with the highest technical standards and commitment to customer service in order to instil confidence into Pirelli’s end users.

19th October 2010/by Tyrepress Editors

Latest Pirelli Figures Show Tyre Market Was Strong in 3Q 2010

Pirelli’s latest “Tyre Market Watch” figures show that first half 2010 passenger car tyre volumes increased by approximately 20 per cent. Third quarter volumes are said to have remained strongly in the double digit growth range, but moving at roughly half the pace of the first half at +10 per cent. Truck tyre volumes were said to have been much stronger growing at +20 per cent and +25 per cent respectively.

19th October 2010/by Tyrepress Editors

Pirelli Ups 2010 Targets

A review of preliminary financial data for the nine months ended September 30, 2010 has led the Pirelli & C. SpA Board of Directors to upwardly revise 2010 targets. The Board’s October 14 review of the preliminary data was made in view of the company’s new 2011-2013 three-year plan, and Pirelli says that the “positive performance of Pirelli Tyre in the first nine months of the year and the present market context permit a further upward revision of 2010 targets.” Targets had previously been raised when the first quarter and first half results were announced.

15th October 2010/by Tyrepress Editors

Pirelli Development Driver Andreucci Wins Italian Rally Championship

Paolo Andreucci has claimed his fifth Italian Rally Championship, and the fourth title that he has taken with Pirelli, on the Costa Smeralda Rally in Sardinia last weekend. The Italian is one of the Italian manufacturer’s development drivers, and was fulsome in his praise of Pirelli’s role in his victory: “Pirelli has played a huge role in this latest success, because for the past two years we have been extremely competitive everywhere.

13th October 2010/by Tyrepress Editors

Wet Testing Gives Pirelli “Clearer Idea” for Further F1 tyre Development

The latest phase in Pirelli’s Formula One tyre pre-season test programme has taken driver Pedro de la Rosa back to his homeland and the Valencia circuit in order to engage in wet conditions testing. The days spent evaluating the F1 PZero tyres in eastern Spain were the first in which de la Rosa drove for Pirelli, and during a two-day period he covered just over 650 kilometres in the Toyota TF109 test vehicle.

8th October 2010/by Tyrepress Editors

Stand Taller with Pirelli’s Latest PZero

If you’ve ever envied your car’s tyres and wished your own feet could also be so beautifully shod, you may wish to read further…Pirelli has transferred its flair for automotive panache into a new footwear range. Part of Pirelli’s PZero industrial design project, the ‘Gum Appeal’ collection of high heel shoes includes dual-tone rain boots, low-cut shoes, passe-partout boots and 8cm high lace-up half-boots.

7th October 2010/by Tyrepress Editors

Pirelli Appoints New UK Truck Business Director

An important personnel change took place at Pirelli Tyres Ltd on October 1, namely Chris Evans’ appointment to the position of director of Truck Business, UK. In his new role, Evans will report directly to national managing director Dominic Sandivasci and functionally to the company’s headquarters in Milan.

7th October 2010/by Tyrepress Editors

Kumho Raises US Prices

Kumho Tire USA said it will increase pricing on all products in the US by up to 6.5 per cent. The increase, effective November 1, will include in-line adjustments. Kumho joins Hankook, Goodyear, Pirelli and Cooper, which have recently announced price hikes.

5th October 2010/by Tyrepress Editors

Heidfeld Omitted from Sauber 2011 Plans

It is only some three weeks since Nick Heidfeld ended his role as test driver for Pirelli in order to race with Sauber Motorsport, yet the German driver’s planned return to Formula One racing may already not be working out the way he anticipated. Heidfeld signed up with Sauber to drive in the final five rounds of the current season along with Japanese driver Kamui Kobayashi. Yet when Sauber Motorsport announced the signing of a new driver to line up alongside Kobayashi for the 2011 season, Heidfeld’s name was nowhere to be found. Instead of granting Nick Heidfeld a place on the grid next year, Sauber has signed a contract with 20-year old Mexican driver Sergio Perez.

5th October 2010/by Tyrepress Editors