Official statement of Pirelli against rumors, that Pirelli might be interesting in purchasing Continental’s Rubber Group: “With regard to comments on possible Pirelli transactions on Continental, the company declares that no transaction has been defined even along general outlines. The company also points out that, consistent with the financial rigor foreseen by the guidelines of the recent
For the Pirelli Group, the 2008 fiscal year was heavily conditioned by the international financial crisis, which determined a major slowdown in the world economy with a severe impact on both the automotive industry and the real estate sector. In order to confront that negative scenario, during the year the group began a profound restructuring action.
Brembo, Magneti Marelli and Pirelli announced the start of cooperation in technology with the aim of developing leading edge solutions for the Italian and international automotive industry. The Cyber Tyre, the intelligent tyre developed by Pirelli, will be integrated with Magneti Marelli electronic control systems and with Brembo’s evolved braking systems in order to realize ad
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