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Pirelli CEO looks to the Far East for growth

Monday, September 09, 2013 - 02:52

Sept. 9 - Pirelli CEO Marco Tronchetti says the Formula One tyre maker is not yet in recovery mode, but buoyant demand from China means it will hit its 2013 targets.

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Welcome to write this I'm -- -- the -- Amber's safety forum and I'm here we determined and CEO all of Pirelli mr. market -- to prevent. Miss isn't it to prepare and we. I'm may be going to resume economy in the European concept of -- this time in six years analysts are forecasting an improvement next year. I'm already seeing signs of fact you know sex -- You know our business -- -- business no no signs. Also major -- his steely good markets in the premium segment. And in stung a segment. Always read -- she did you see these changes. I am victims had been major cost sector is still push towards a consolidation. I mean is this is so different -- gazans to do you envisage. Your company and joining. And consolidation movement. I don't see -- -- sedition movement team in Europe. And there are some clues additional opportunities in the Far East. And I think has been overrated -- reducing -- Can you -- status on annual pet projects in China mean. So China is doing room. Gone premium segment is increasing very fast. It is. Confusing production of fuel costs. And in in China and we supplied more than an eventful. I say those two and a new loudly. All wrong runs -- so we really you rarely see China as a visible here. And reduced it to -- -- -- 2013. And though couldn't be veterinary division I mean nominees are talking about -- -- we call phone that particular targets. Different speeds in different regions but two week they're confident. And we reached a -- It's just broadly about to Italy and used. How concerned are you about the possibility of a political cries at a time when -- city is about to turn the corner intensive economic growth. I think that when it's so it's anything -- -- is still continuing over we need. Mostly fraudulent. To create universe are competitive area and and that's why they go in the intestines to to get. And try to find. The way for a change. Do you expect to -- ninety year old you know what and it's -- I don't I don't think that anybody. You need that he can best. On this but. My I'm sure it everything would be done in notice to. Two can shop where do you recover.