China National Tire & Rubber Company to purchase Pirelli

Denis · 03-24-2015, 10:55 AM

http://www.autoblog.com/2015/03/23/c...lli-7-billion/

Quote:

Pirelli shareholders have agreed to a deal for the China National Tire & Rubber Company, a division of the state-owned China National Chemical Corporation, to buy the Italian tire concern for 7.1 billion euros ($7.7 billion US).

Not sure how you guys feel about this. IMO I hope this doesn't go through.

Apex Motorsports · 03-24-2015, 11:40 AM

I wouldn't be too concerned. Pirelli is the 5th leading tire manufacturer in the world behind Bridgestone, Michelin, Continental and Goodyear. Their tires are manufactured around the world in various places including Mexico, Brazil, Venezuela and the United States. China National Tire & Rubber Company has said that they do not plan on making sweeping changes and believe the current management and business model is sound, but believe their access to China's market can double their volume. They want to make money, not destroy the company.

Dizzy82 · 03-24-2015, 11:46 AM

Not a fan of the Pirellis, so no skin off my nose.

Denis · 03-24-2015, 11:52 AM

Quote:

Originally Posted by Apex Motorsports

I wouldn't be too concerned. Pirelli is the 5th leading tire manufacturer in the world behind Bridgestone, Michelin, Continental and Goodyear. Their tires are manufactured around the world in various places including Mexico, Brazil, Venezuela and the United States. China National Tire & Rubber Company has said that they do not plan on making sweeping changes and believe the current management and business model is sound, but believe their access to China's market can double their volume. They want to make money, not destroy the company.

I hope all of that remains true. im a Pirelli fan

shibbs · 03-24-2015, 11:57 AM

As long as they don't get rid of the Pirelli girls I'm just fine with this!

kevint · 03-24-2015, 12:07 PM

Quote:

Originally Posted by Apex Motorsports

I wouldn't be too concerned. Pirelli is the 5th leading tire manufacturer in the world behind Bridgestone, Michelin, Continental and Goodyear. Their tires are manufactured around the world in various places including Mexico, Brazil, Venezuela and the United States. China National Tire & Rubber Company has said that they do not plan on making sweeping changes and believe the current management and business model is sound, but believe their access to China's market can double their volume. They want to make money, not destroy the company.

Also, the making China synonymous with poor quality needs to stop. You can get extremely high-quality stuff from China, but you have to pay for it. Our unnecessary need for cheap leads to low quality.

ChrisBlair · 03-24-2015, 04:55 PM

I think it's OK to not want all manufacturing to be in or owned by China.

Nor Cal ZL1 · 03-24-2015, 11:03 PM

Quote:

Originally Posted by kevint

Also, the making China synonymous with poor quality needs to stop. You can get extremely high-quality stuff from China, but you have to pay for it. Our unnecessary need for cheap leads to low quality.

Hmm like the steel used to build the bay bridge. Expensive absolute crap.

http://www.sacbee.com/news/investiga...le2589402.html

shibbs · 03-24-2015, 11:51 PM

Quote:

Originally Posted by ChrisBlair

I think it's OK to not want all manufacturing to be in or owned by China.

Why not? They could probably buy half of the US if they'd demand to cash out America's debt to them.

ST1LE · 03-25-2015, 08:37 AM

Quote:

Originally Posted by shibbs

Why not? They could probably buy half of the US if they'd demand to cash out America's debt to them.

Well just under 7% anyway, or more importantly $4,000 from every man, woman, and child living in America, but who is counting.

While China is known for making some subpar products, I don't think a company with over $7 billion invested would risk hurting their huge investment by changing anything in Pirelli's successful formula.

Only time will tell though! I don't run Pirelli's anyway.

Denis · 03-25-2015, 09:05 AM

Quote:

Originally Posted by ST1LE

While China is known for making some subpar products, I don't think a company with over $7 billion invested would risk hurting their huge investment by changing anything in Pirelli's successful formula.

Only time will tell though! I don't run Pirelli's anyway.

good point, it wouldn't make sense to fix it if its not broken

Mikamaro · 03-25-2015, 10:06 AM

I don't like this.

derklug · 03-25-2015, 11:17 AM

At least the Chinese will have somewhere to put their toxic wastes other than baby bottles and children's toys.

ChrisBlair · 03-25-2015, 05:29 PM

Quote:

Originally Posted by shibbs

Why not? They could probably buy half of the US if they'd demand to cash out America's debt to them.

Scratching my head as to how this is even a reply to what I posted

03-24-2015, 11:46 AM	#3
Dizzy82 Drives: 2011 1LT/RS A6 RJT SuperCharged Join Date: Mar 2011 Location: 87114 Posts: 3,501 View My Garage	Not a fan of the Pirellis, so no skin off my nose. __________________ Power is worthless without control. *The 2nd* protects the 1st.** BMR sub frame brace, BMR tunnel brace, LSR sways, LSR CM ca & tl, Sphon ExD el, GM tower brace, Megan EZ Streets, Goodridge Stainless Steel Braided brake lines, PowerStop D/S rotors & pads, Doug Thorty Ceramic Shorties, Magnaflow x-pipe, MRT V2.0, KICKER PowerStage sub & amp, Infinity speakers & tweeters, Viteese Throttle Controller, Viteese Paddle Shifters, ACS T2 Splitter, ACS T2 Ports/Quad LED lights, VDI kit, Havoc diffuser, IPF ECU/TRANS tuned, IPF/KPE Supercharged. 364RWHP/297RWTQ

03-24-2015, 04:55 PM	#7
ChrisBlair Buick 455 Fan Drives: 1970 Buick, 2012 1SS LS3 Join Date: Jun 2010 Location: Boston MA Posts: 5,957	I think it's OK to not want all manufacturing to be in or owned by China. __________________

03-25-2015, 10:06 AM	#12
Mikamaro MikeNoMaro Drives: A 2016 Challenger R/T M6 STP Join Date: Sep 2009 Location: America Posts: 2,375 View My Garage	I don't like this. __________________ Track Day Videos: http://www.youtube.com/user/mrgoodman2000/videos Built #83817, Born January 18th, Christened June 11th 2010, Stolen October 3rd 2016.

03-25-2015, 11:17 AM	#13
derklug Drives: 12 Boss 302 Join Date: Sep 2009 Location: Grand Rapids, Mi Posts: 1,369	At least the Chinese will have somewhere to put their toxic wastes other than baby bottles and children's toys. __________________ The biggest mistakes in life come when you know exactly what you are doing.

03-24-2015, 11:40 AM	#2
Apex Motorsports Drives: 2000 Camaro SS Join Date: Feb 2010 Location: Louisville, Ky. Posts: 25,165	I wouldn't be too concerned. Pirelli is the 5th leading tire manufacturer in the world behind Bridgestone, Michelin, Continental and Goodyear. Their tires are manufactured around the world in various places including Mexico, Brazil, Venezuela and the United States. China National Tire & Rubber Company has said that they do not plan on making sweeping changes and believe the current management and business model is sound, but believe their access to China's market can double their volume. They want to make money, not destroy the company.