Pirelli will start producing Cyber Tyres in the United States, it said on Wednesday, after Italy curbed the influence of the premium tyre maker's Chinese investor Sinochem in a bid to help its expansion across the Atlantic. Italy's government last month ended a governance dispute over Sinochem's stake in Pirelli through its use of "golden powers" for companies deemed to be of national strategic interest.
The row related to fears Pirelli could fall foul of U.S. rules restricting the use of Chinese technology in the autos sector as Sinochem is its largest investor with a 34.1% stake. Pirelli said it would begin manufacturing its connected Cyber Tyre products at its U.S. plant in Rome, Georgia, "strengthening the company's integrated industrial and technological presence in the country".
