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News and Information about pirelli

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Assembled Pirelli winter tires for your McLaren Sports Series cars are now available

Yes, there is no more reason to stay at home when it’s freezing outside. Some folks sometimes feel the need to just stay snuggled up at the fireplace most especially if the dreaded wet and snowy roads start to threaten those hot summer wheels. But what if you have better things to do than sip coffee all day or hang out with your bae while staring gloomily at the frosted window? Boy we’ve got some good news for you.

British car maker McLaren and Italian tire manufacturer Pirelli have partnered in developing a winter wheel and tire bundle for McLaren’s Sports Series. What does that mean exactly?

Pirelli has optimized the tires to perform whether on rain, snow or dry conditions and these have been integrated with McLaren’s tire pressure monitoring equipment that works in conjunction with the vehicle’s onboard systems. Developed for its latest 570S Spider as well as for the 570GT, 570S and 540C, each package will include four 14–spoke forged alloy wheels in Dark Metal Grey finish plus a set of Pirelli’s MC Sottozero 3 winter tires.

Read the entire article Assembled Pirelli winter tires for your McLaren Sports Series cars are now available

Porsche teams up with Pirelli to offer new tires for old models

Remember when Porsche teamed up with Michelin to develop new tires for the Carrera GT? Well, Porsche is once again doing a collaboration to offer new tires— this time with Pirelli.

For classic car owners, the real dilemma lies in finding new tires to replace old ones with. This is why Porsche has collaborated with Pirelli to offer new tire recommendations and options for Porsche models launched in 1959 to 2005. The special tires look like the original ones but bear new properties.

According to Porsche, as much as 70% of all its models are still being used and are drivable. This new partnership with Pirelli will help these car owners save a huge amount of money when it comes to maintaining their beloved Porsche. There is no need to pay for expensive custom tires and restoration fees— thanks to the commitment of Porsche in preserving their classics.

Read the entire article Porsche teams up with Pirelli to offer new tires for old models

ChemChina reaches deal to buy Pirelli for EUR7.1 billion

China National Chemical Corporation has reached an agreement to acquire Italian tire maker Pirelli for EUR7.1 billion ($7.7 billion). The acquisition will provide ChemChina access to technology to produce premium tires that can be sold at higher margins. It will also provide Pirelli a larger presence in the Chinese market.

According to the agreement, ChemChina's tire making unit -- China National Tire & Rubber -- will first purchase the 26.2-percent stake owned by Camfin and then launch a mandatory takeover bid for the rest.

The takeover bid will be launched by a medium controlled by the ChemChina and partly owned by Camfin investors including Pirelli chief Marco Tronchetti Provera, Italian banks UniCredit and Intesa Sanpaolo, and Rosneft.

Read the entire article ChemChina reaches deal to buy Pirelli for EUR7.1 billion

Pirelli launches Grand Prix Challenge, a Formula 1 prediction game online

Pirelli introduces a Formula One prediction game online that will enable UK players the opportunity to win a range of prizes such as a trip to the 2013 United States Grand Prix in Austin, Texas. Dubbed the Pirelli Grand Prix Challenge (PGPC), this game was originally launched in America. After its reverberating success in America, Pirelli expanded this interactive online game into the UK market.

In its launching year, the website of the American GP Challenge received 140,000 unique visits. The webpage recorded more than 700,000 visitor views. There are four rounds remaining of the F1 season this year. Each round has four Formula One races. For every round, a winner will be announced and players will restart the game with a zero points balance. Aside from the individual GP and Round winners, an overall winner will also be honored.

This winner is one who has collected the highest number of points throughout the season. Those who are interested in the interactive online game can register any time while the season runs. No purchase is necessary to play. A range of huge names have already registered to make their predictions in the game. One of these renowned personalities is Tiff Needell, who is a former British racing driver and TV presenter. 

Read the entire article Pirelli launches Grand Prix Challenge, a Formula 1 prediction game online

Italian tire manufacturer Pirelli intends to invest as much as $500 million in the construction of a new factory in Argentina, according to company and government officials. Pirelli will spend $300 million through 2014 to erect the radial truck tire plant, with an additional $200 million reserved for increasing capacity in case market situations are positive, a company spokesperson disclosed.

The investment in Latin America's No. 3 market was a part of an industrial strategy revealed by the company late last year, the spokesman said. However, the venture was presented to government authorities on Thursday.

The action to increase production in Argentina is part of Pirelli's strategy to grow into fast-emerging markets. The company, which currently has a facility near Buenos Aires, is forecasting a 40 percent increase in its revenues in Argentina to $500 million this year.

Read the entire article Pirelli to invest as much as $500 million in Argentina plant

In an effort to boost margins, Pirelli & C SpA will invest 1.9 billion euros ($2.7 billion) over the next five years on premium products and on marketing.

In the 2011-2013 industrial plan of Pirelli (Europe's third-largest tire company), it will target an earnings before interest and tax (EBIT) margin of 10.5% to 11.5%, up from the 7.5% predicted in 2010, and above analyst expectations for 8.2% to 9.4%.

Chairman Marco Tronchetti Provera said that the company will be able to reach this result (EBIT margin) primarily by focusing further on the premium segment, which is expanding quicker than the market, and on the replacement segment.

Read the entire article Pirelli to invest $2.7Bil on premium products, marketing