Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera
    Finance

    Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera

    Published by Global Banking & Finance Review®

    Posted on April 8, 2025

    2 min read

    Last updated: January 24, 2026

    Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Pirelli faces US investment hurdles due to Sinochem's stake amid US-China tensions. Negotiations in several states encounter challenges.

    Pirelli's US Investment Hindered by Sinochem's Stake

    ROME (Reuters) - Pirelli is having difficulties investing in the United States because its largest shareholder is China's state-owned Sinochem, the Italian tyremaker's executive vice chairman Marco Tronchetti Provera said in a newspaper interview on Tuesday.

    Pirelli's Chinese and Italian shareholders are at odds over the group's governance as Washington cracks down on Chinese technology in the automotive industry, banning key software and hardware from Chinese-controlled companies.

    Tronchetti Provera told Italian daily la Repubblica that Sinochem's 37% stake had proved a hurdle when Pirelli had negotiated with local authorities over doing business in the states of Alabama and Virginia.

    "Now we are negotiating with Georgia, where we already have a factory, and once again objections are being raised," said Tronchetti Provera, who was Pirelli's CEO for 30 years up to 2022.

    Tronchetti Provera said he was confident an agreement would be reached with Sinochem to overcome the U.S. concerns.

    "We will find a way, in the interests of Pirelli, to comply with American laws," he said.

    "It is too important a market for us not to be able to play on a level playing field with our competitors."

    (Reporting by Gavin Jones; Editing by David Goodman and Jamie Freed)

    Key Takeaways

    • •Pirelli struggles with US investments due to Sinochem's 37% stake.
    • •US-China tensions affect Pirelli's governance and business plans.
    • •Negotiations with Alabama, Virginia, and Georgia face objections.
    • •Tronchetti Provera optimistic about resolving US concerns.
    • •Pirelli aims for compliance with US laws to compete effectively.

    Frequently Asked Questions about Pirelli's US business hindered by Sinochem's stake, says Tronchetti Provera

    1What is the main topic?

    The article discusses Pirelli's challenges in investing in the US due to Sinochem's stake and related governance issues.

    2Why is Pirelli facing difficulties in the US?

    Pirelli's largest shareholder, Sinochem, is a Chinese state-owned company, causing US regulatory concerns.

    3How is Pirelli addressing these challenges?

    Tronchetti Provera is optimistic about reaching an agreement with Sinochem to comply with US laws.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostUK's financial watchdog probes BDO audit of Home REIT for 2021
    Next Finance PostUK's Impax Asset Management forecasts dour annual profit on trade war impact