Pirelli Archives - Page 139 of 212

Pirelli Highlights Zonda Nürburgring Connection

You may have already heard that the Pagani Zonda R recently set the fastest lap time for a production car around Germany’s Nürburgring, but some news sources overlooked the modest hero of the day. As the Zonda R thundered around the Nordschleife circuit in Nürburgring, covering the 20.83 kilometres in 6 minutes 47 seconds – a second quicker than the previous record set last August – the Italian supercar benefitted from its P Zero Slick tyres, fitted in size 265/645-19TL for the front and 325/705-20TL at the rear.

Membership Required

Already a member? Log in here

21st July 2010/by Tyrepress Editors

Lockout Declared at Birla Tyres Plant

News

India’s Kesoram Industries Ltd has notified the Bombay Stock Exchange of the declaration of a lockout at its Birla Tyres plant in Orissa as of July 16. This measure has been taken, the company says, in response to a strike that took place the previous day. In a corporate filing, Kesoram stated the workers “are forcibly squalling inside the factory premises of the said section in an illegal manner.”

20th July 2010/by Tyrepress Editors

Pirelli Preparing for GP2 at Hockenheim Following ‘Pleasing’ Silverstone Round

Motorsport

The fourth round of the inaugural GP3 series, run on the revised Silverstone track layout, gave Pirelli’s hard compound tyres a chance to show drivers their performance characteristics. Pirelli notes the new hard compound Pirelli PZero 13-inch tyres proved to be “both fast and reliable at Silverstone despite a wide variety of weather conditions that accurately reflected the vagaries of the British climate.”

20th July 2010/by Tyrepress Editors

Shareholders Approve Pirelli RE Split

Company News

At an Extraordinary Shareholders' meeting held on July 15, Pirelli C. & SpA shareholders approved the separation of Pirelli Real Estate from the Pirelli Group by way of proportional assignment to ordinary and savings shareholders. These shareholders will be assigned a total of 487,231,561 ordinary Pirelli RE shares that are currently held by Pirelli & C. To this end, the shareholders approved a reduction of the share capital in an amount equal to 178,813,982.89 euros, a sum that corresponds to the value of the Pirelli RE stake being assigned and was determined on the basis of the official Pirelli RE share price as of 14 July 2010.

19th July 2010/by Tyrepress Editors

Analysts: Increased Volume and Raw Material Costs, But ‘Robust’ 2Q for Tyre Majors

Career Tracks

Market analysts at Morgan Stanley have predicted a “robust second quarter results season characterised by rebounding volumes and cost savings.” The volume of sales, which are reported to have improved from the low base of 2009, is said to be tyremakers’ biggest tailwind, but the increased cost of raw materials are also expected to kick-in in the manufacturers’ second quarter reports.

Raw materials are estimated to add a headwind of 300 – 440 basis points to the tyremakers’ margins, a trend that Morgan Stanley expects to accelerate through the rest of the year. Crucially, Morgan Stanley’s view is that while some of the numerous prices increases implemented up till now “are likely to feed through to the bottom line already,” they are note expected to cover more than a third of the input cost burden this quarter.

15th July 2010/by Tyrepress Editors

Loeb On Top With Pirelli In Bulgaria

News

Borovets in Bulgaria was home to the tough 220.03 mile course of Rally Bulgaria, round seven of the 2010 World Rally Championship, of which Pirelli is the exclusive tyre supplier under a three-year agreement with the FIA, motorsport's world governing body.

It was the threat of unpredictable weather that made the availability of the soft compound Pirelli P Zero tyre essential for the competing crews. On gravel events, WRC regulations restrict drivers to a pre-determined compound of Pirelli's Scorpion tyre. On asphalt events, they can choose between the hard (for dry conditions) or soft (for wet conditions) compound P Zero, albeit with a restriction of 40 covers in total. In Bulgaria, they had an allocation of 34 hard compound tyres and 24 soft compound tyres, eight more than usual, following reports of possible thunderstorms.

14th July 2010/by Tyrepress Editors

Hard Compound GP3 Tyres Debut at Silverstone

Motorsport

The fourth round of the inaugural GP3 series took place at Silverstone over the weekend and gave drivers their first opportunity to savour the circuit’s revised track layout, which features seven new corners that have increased lap length and average speed. Silverstone also saw the debut of tyre supplier Pirelli’s hard compound tyres, which were left on the rack in favour of the medium compound in Barcelona and Istanbul followed by the soft compound during round three in Valencia.

13th July 2010/by Tyrepress Editors

Ecclestone: F1 Needs Faster Wearing Tyres

News

Bernie Ecclestone believes faster wearing tyres will make for more exciting racing in Formula One. According to Tire Review, Ecclestone told Italy’s Gazzetta dello Sport he thinks F1 tyres should last no more than 100 kilometres, forcing teams into at least two pit stops. “People want more overtaking," Ecclestone states. “I have a proposal: tyre sets that can be used for a maximum of 100 kilometres, with the one used in qualifying to be used in the first part of the race. This way we'd have more tyre changes at different times and there would be more confusion. The best races are the messy ones.” Ecclestone made no mention that fuel stops have been eliminated from F1 races, removing as many as two pit stops per race.

12th July 2010/by Tyrepress Editors

Pirelli Hosts China Football League Medical Exchange

News

Football sponsorship, as was witnessed during the World Cup, can give a tyre maker extensive exposure and media coverage. Pirelli is one of a number of firms that has decided to lend its support to the beautiful game, and the Italian company sponsors teams or associations in Italy, Switzerland, South America and China. Its involvement in the last of these regions is through a three-year title sponsorship agreement to Chinese Super League (CSL) – now known as Pirelli’s China Super League – which began in 2009. Recently, to boost the CSL medical team’s competencies in the area of sports injury treatment and rehabilitation, Pirelli arranged for doctors from 16 CSL teams travelled to Italy for a week-long exchange tour.

12th July 2010/by Tyrepress Editors

Hankook Displays New Concept Commercial Vehicle Product, VW Links

News

Hankoook made its ninth Reifen appearance in a large booth next to Pirelli in Hall 3, reflecting the company’s current importance on the European market. Hankkok characterised its presence in Essen is something of a “home game”: the company argues that it is now an established presence at the show and, thanks to its increased market share and growth, Europe has become a home territory – especially considering the company’s production plant in Hungary, which has recently received Volkswagen certification.

Volkswagen has been ordering Hankook’s products since 2002, and its inspection team’s report gave the Hungarian facility the highest possible marks. The tyre manufacturer expects to supply Volkswagen Group models using Hankook products to be supplied directly from the site. Jin-Wook Choi, executive vice-president and head of Hankook Tire in Europe, stated: “We are proud and happy to maintain business ties with the Volkswagen Group and other leading European automotive manufacturers in a spirit of mutual trust and confidence. German car manufacturers, in particular, are known for their stringent quality standards and for top-notch technology and performance. At Hankook Tire, we share this passion for technological perfection.”

8th July 2010/by Tyrepress Editors

Pirelli Tire North America Opens New York Sales & Marketing Office

Career Tracks

Pirelli Tire North America (PTNA) has announced plans to expand its sales and marketing operations with a new office in New York City. According to the company, this office will complement its North American headquarters in Rome, Georgia. The expansion is intended to assist the company’s sales growth and will reportedly only involve “the outward facing parts of the sales and marketing departments.”

7th July 2010/by Tyrepress Editors

“Severe” Silverstone Grand Prix Expected by Bridgestone

News

Bridgestone Motorsport representatives are anticipating a “severe test” for their tyres at Silverstone for Formula One’s British Grand Prix, described as the company’s effective “home Grand Prix”. “The British Grand Prix is one of the most famous on the calendar and we are pleased to be visiting Silverstone once more,” said director Hiroshi Yasukawa. “Bridgestone Motorsport is based in Langley, near Heathrow, so this is a home Grand Prix for us. I am happy that Formula 1 will experience the new circuit layout that Bridgestone recently enjoyed with the British MotoGP race. Bridgestone UK is a very supportive market of our F1 programme and will enjoy a range of activities there.”

5th July 2010/by Tyrepress Editors

F1 Tyre Supply a $70M Per Annum Investment – Deutsche Bank

News

Deutsche Bank analysts have estimated Pirelli’s investment in Formula One sole tyre supply between 2011 and 2013 as being US$70 million per season. This annual sum, which may represent a figure at the conservative end of the spectrum, is seen by the bank as positive news for shareholders as it should improve brand equity without affecting profit and loss. As Tyres & Accessories has already reported, Pirelli intends to finance its F1 activities at least in part by reducing its expenditure in other motorsport sponsorship, including WRC.

1st July 2010/by Tyrepress Editors

GP3 Debut for Soft Compound PZero Tyre

Motorsport

Pirelli’s new 13-inch PZero soft compound GP3 tyre made its debut at last weekend’s Valencia street circuit for round three of the all-new series. The tyre, designed to deliberately degrade and slide, remained on the shelf during the first two rounds in Barcelona and Istanbul Park, as the medium compound tyre instead saw action at these venues.

1st July 2010/by Tyrepress Editors

Stock Deals Shift Pirelli Ownership

Career Tracks

Pirelli SpA’s ownership shifted over the weekend as the Malacalzu Group increased its stake in the tyre maker, reports Tire Review. The Genoa-based Malacalza Group boosted its stake in Pirelli by increasing its stake in Camfin – Pirleli’s largest shareholder – to 12.1 per cent, and plans to take a 30.9 per cent stake in GPI, which controls Camfin. With those moves, the Malacaza Group will effectively become Pirelli’s second largest shareholder. Pirelli Chairman Marco Tronchetti Provera revealed the stock plan in an interview published on 26 June.

28th June 2010/by Tyrepress Editors

Posts

We see you are visiting us from China.