Italy, Pirelli Push to End Chinese involvement in Tire Maker, FT Says, Citing Sources

Dow Jones

Jan 06

-- Pirelli, its shareholders and the Italian government are seeking ways to sever ties with China's Sinochem, currently the tire maker's largest shareholder, holding a 37% stake, the Financial Times reports, citing unnamed sources.

-- Rome is weighing new options before the Trump administration's ban on Chinese-backed software and hardware in U.S. cars takes effect in March, the FT reports.

-- Sinochem executives have so far not engaged in discussions with Pirelli over the options it has presented, the FT reports. Both companies declined to comment to the FT.

Full story: https://tinyurl.com/48hzycp4

Write to Billy Gray at william.gray@wsj.com

(END) Dow Jones Newswires

January 06, 2026 01:35 ET (06:35 GMT)

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Both companies declined to comment to the FT. \n\n\n \n\n\n  Full story: https://tinyurl.com/48hzycp4 \n\n\n \n\n\n  Write to Billy Gray at william.gray@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2026 01:35 ET (06:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}