Reported about 18 hours ago
Pirelli, the Italian tire manufacturer, is in a precarious position after Sinochem, its major Chinese shareholder, rejected the company's proposal to address governance issues that could limit Pirelli's expansion in the U.S. CEO Andrea Casaluci highlighted the risks posed to Pirelli's growth, particularly in North America, and emphasized the urgent need for solutions to ensure the company's global operations are not hindered.
Source: YAHOO