Transportation
US Warns Pirelli Risks Restrictions Due to Chinese Investor
An employee inspects an automobile tire at the Pirelli production plant in Merlo, Argentina.
Photographer: Erica Canepa/BloombergThe US government warned Italy’s Pirelli & C. SpA that vehicles containing its advanced sensors technology could be restricted from sale in America due to concerns over the influence of the tiremaker’s Chinese investor.
The informal advisory, outlined in a letter dated April 25 by the Commerce Department’s Bureau of Industry and Security — known as BIS — said that car manufacturers that incorporate the so-called CyberTyre technology into their completed connected vehicles would likely need to apply for a specific authorization to sell those cars in the US.