Autonews | Pirelli's group governance becomes more challenging because both the Italian and Chinese shareholders maintain different perspectives on its structuring.

Pirelli denies plans for US investment amid regulatory hurdles

Pirelli, the renowned Italian tyre manufacturer, has announced an optimistic outlook for its financial performance this year. In a statement released on Thursday, the company revealed that it anticipates its adjusted earnings before interest and tax (EBIT) margin to reach the upper limit of its previously forecasted range.

Pirelli targets high-end forecast for full-year EBIT margin

In a move that highlights the shifting dynamics of foreign investment in Italian companies, China's Silk Road Fund is divesting its 9% stake in Pirelli, the renowned Italian premium tyre manufacturer.

China's silk road fund offloads 9% stake in Italy's Pirelli

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