China to buy rest of Pirelli Tires after they destroyed it with the Chinese virus
Next time you even think about buying Pirelli tires for your car, just remember what China did to the world – on purpose |
Back in 2015 a deal was signed to put famed Italian tire maker Pirelli in the hands of the state-owned chemical conglomerate ChemChina. Today China owns 45% of Pirelli tires.
Now there are rumors out of Italy that the Chinese want to scoop up the remainder of the company – taking advantage of a devastated Italian economy brought on by China unleashing the Chinese Wuhan virus on the world. The Chinese are investing heavily in Italy – picking up businesses for pennies on the dollar that they destroyed on purpose, and, if the rumors are true, the Pirelli deal comes in the wake of a number of important acquisitions in Europe's third-largest economy, according to Reuters.
Pirelli is the world's fifth-largest tire manufacturer, and supplies tires to Formula 1 (among other motorsports).
If you are looking to buy tires made in USA, you should know that most foreign global tire manufacturers already have plants in America. In fact, there are only two genuine American brands: Goodyear and Cooper. The largest foreign tire companies with plants in the US include Michelin, Pirelli, Continental, Bridgestone, and Yokohama. However, to make sure you buy USA tires, you should make sure they were made in the USA-based plants.
Example of Tire Plant Code |
You can learn where a tire was made by looking at its DOT code. You will see the Tire Identification Number (TIN) after the letters DOT. The first pair of letters and/or numbers is the plant code. You can check the code with the help of this list. Some tires also have “Made in USA" (or another country) molded onto their sidewall. NOTE: Pay attention that plant codes don’t use the following letters: G, I, O, Q, S, and Z. They look very much like the numbers 0, 1, 5, 2. As the code is usually in compact bold letters/numbers, authorities removed these letters to avoid confusion. NOTE: According to the US Government Publishing Office, new three-symbol plant codes will become mandatory from April 13, 2025. Until that time, manufacturers can use both two- and three-symbol codes for their convenience.
All-American brands are the those created in the USA and not purchased by foreign companies or merged with them. For example, BFGoodrich was bought by the French manufacturer Michelin, and Firestone is now part of the Japanese brand Bridgestone. Although such brands can still be called American, they now belong to foreign companies.
Support Made In America Businesses as we try to recover from the pandemic that China unleashed on the world.