Italy Curbs China Influence Over Formula One Tiremaker Pirelli
- Advanced tire-sensor technology leads government to intervene
- Meloni is seeking to set boundaries amid US-China competition
An employee inspects a tire at the Pirelli & Co. SpA production plant.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Italy’s government stepped in to limit the influence of China’s Sinochem over Formula One supplier Pirelli SpA, citing concern about data collected by sensors in the company’s tires.
Prime Minister Giorgia Meloni’s cabinet used its “golden power” rights to impose restrictions on Sinochem’s access to information from the technology, deeming it strategically important, the government said in a statement Friday. Sinochem is Pirelli’s biggest investor.