Pirelli to expand production in US after restricting Chinese shareholder influence; scrutiny against lawful investment threatens market credibility: expert

Italian tiremaker Pirelli will reportedly start producing its Cyber Tyres in the US, the company said, after the Italian government moved to curb the influence of the tiremaker’s Chinese investor Sinochem. Chinese analysts said the move reflects how certain Western markets are broadening the use of security pretexts to subject Chinese companies to unfair scrutiny, […]