During qualifying for the Chinese Grand Prix, Williams driver Valtteri Bottas reached 316kph – that’s nearly 200mph – on the back straight of the Shanghai circuit: the longest on the Formula One calendar this year. He did this using the Cinturato Green intermediate tyre, in conditions so wet that visibility was minimal because of the spray coming from the surrounding cars. As usual, he was on wide Formula One tyres, which makes the avoidance of aquaplaning a real challenge, unlike road cars
VERY STRONG PERFORMANCE FROM MEDIUM TYRE IN CHINAENSURES JUST TWO PIT STOPS FOR TOP 15 SOFT TYRE USED TO START THE RACE IN DEMANDING COOL CONDITIONS FORMULA ONE NOW HEADS TO EUROPE: SECOND IN-SEASON TYRE TEST AFTER SPANISH GRAND PRIX A number of different tyre strategy options were available before the Chinese Grand Prix, but the very strong performance of the medium tyre in the second stint allowed the top 15 to complete two stops only on one of the most demanding circuits of the year. With some very long corners and high g-forces, the Shanghai circuit exerted unique demands on the front-left tyre in particular. But the additional durability of the 2014-specification P Zero tyres allowed Mercedes driver Lewis Hamilton to take his third consecutive victory from four races, with just two pit stops, as opposed to three stops that formed the winning strategy in China last year
INTERMEDIATE TYRE THE KEY TO THE TOP 10 SHOOTOUT IN RAINY CONDITIONS TOP SPEED OF 316 KHP ON THE STRAIGHT ON THE INTERMEDIATE TYRES THIRD QUALIFYING SESSION FROM FOUR RACES TO BE HELD IN THE WET For the third time in four races, qualifying was held in rainy conditions – making this one of the wettest starts to a season in recent memory. The top 10 drivers all used Pirelli’s Cinturato intermediate tyre to set their fastest times for the pole position shoot-out: the only tyre in the range that has not changed compared to last year. With rain persisting throughout the day, the drivers used the final free practice session in the morning to assess the wet conditions.
2014 Chinese Grand Prix – Practice Sessions TEMPERATURES BELOW 20 DEGREES CHARACTERISE FREE PRACTICE TIME GAP BETWEEN MEDIUM AND SOFT COMPOUNDS OF 1.5 SECONDS RAIN EXPECTED FOR QUALIFYING TOMORROW Shanghai, April 18, 2014 – Weather will have a big effect on tyre behaviour throughout the Chinese Grand Prix weekend, with free practice today characterised by cool weather and a possibility of rain for qualifying tomorrow. Ambient and track temperatures dipped to 13 and 15 degrees centigrade respectively during FP1 this morning, before becoming slightly warmer in the afternoon.
P ZERO WHITE MEDIUM AND P ZERO YELLOW SOFT IN CHINA: THE BEST CHOICE FOR THE VARIED DEMANDS OF THE SHANGHAI CIRCUIT CHINESE GRAND PRIX TRADITIONALLY DOMINATED BY STRATEGY AS USUAL, 2014 TYRES ALLOCATED TO TEAMS AT RANDOM BY THE FIA The Chinese Grand Prix at Shanghai, where the P Zero White medium and P Zero Yellow soft tyres will be used, is a race that has been traditionally been dominated by strategy. Even using several different strategies, drivers have often ended the race in close formation, setting up a thrilling finish. With a smooth surface and some sweeping corners – including the banked Turn 13 – this versatile tyre combination is well suited to the varied demands of the Shanghai circuit.
3D animated video by Pirelli describing Shanghai International Circuit – from a tyre point of view.
PIRELLI ANNOUNCES NOMINATIONS FOR SPAIN, MONACO AND CANADA Milan, April 11, 2014 – Following the start of the 2014 Formula One season, Pirelli has nominated the tyres that will be used in the grands prix of Spain, Monaco and Canada. In Spain, Pirelli will bring the P Zero Orange hard and P Zero White medium: the two hardest tyres in the range. The Montmelo circuit is well known for putting high-energy loads through the tyres, while ambient temperatures can also be notable at the Spanish Grand Prix.
THE FOCUS ON THE TYRE BUSINESS IS CONFIRMED Concerning the announcement made by Prelios today, having occurred the conditions requiring the total conversion in advance of the bond loan (the so-called “Convertendo”) underwritten by Pirelli in due time within the framework of Prelios financial indebtedness readjustment plan, Pirelli announces what follows: In line with the bond loan regulations, following the above mentioned conversion, and as made known to the market (see press release dated 27th March 2013), in exchange for its Prelios bonds (Tranche A and B), equivalent to 148.4 million euro in total plus interests accrued, Pirelli will receive Prelios shares. Through the conversion, it is estimated that Pirelli share of Prelios capital with voting rights, made up of type A shares, will grow from the current 13% approximately to roughly 29% after the conversion, of which approximately 7%, after the conversion, can be traded freely and around 22% will be constrained by the lock-up obligations included in the agreements among Fenice partners (Pirelli, Intesa Sanpaolo S.p.A, Unicredit S.p.A. and Feidos 11 S.p.A) until July 2016, with an automatic renewal for another three years, unless revoked.
2014 Bahrain in-season test: April 8-9, 2014 PIRELLI COMPLETES FIRST IN-SEASON TEST USING 2014 CARS CATERHAM, MERCEDES AND WILLIAMS EACH DEVOTE A DAY OF TESTING TO PIRELLI, TRYING OUT TYRES FOR 2015 HAMILTON SETS FASTEST TIME ON NEW PIRELLI EXPERIMENTAL TYRE Sakhir, 9 aprile 2014 – Pirelli has completed the first in-season test using the current 2014 cars: an innovation for this year designed to help the Italian tyre-maker develop suitable tyres for the latest-generation Formula One cars. A total of eight new constructions and six new compounds were tested during the two days: split between Caterham on Tuesday then Mercedes and Williams on Wednesday. Only one variable was tested at a time, so if a new compound was being tested, then the construction would be the current one (and vice versa).
Descubre lo que opinan los profesionales del transporte sobre el nuevo neumático de furgoneta Pirelli Neumáticos
Pirelli celebrated a record number of homologations for the P Zero tyre in Geneva and the Cinturato P7 also hit the headlines. Ferrari California T, Lamborghini Huracan and McLaren 650: each car with a Pirelli tyre best suited to its unique characteristics and performance.
2014 Bahrain Grand Prix – Race MIXED TYRE STRATEGIES AND SAFETY CAR CENTRAL TO LEAD BATTLES PERFORMANCE GAP BETWEEN MEDIUM AND SOFT TYRES DROPS AS TRACK TEMPERATURES FALL DURING THE EVENING RACE FROM TUESDAY, CATERHAM, MERCEDES AND WILLIAMS WILL TEST TYRES FOR PIRELLI IN BAHRAIN Sakhir, April 6, 2014 – Tyre strategy was central to one of the most closely fought grands prix in recent history, with a thrilling finale set up by a safety car when there were just 10 laps left to go. After the restart, Mercedes driver Lewis Hamilton led on the medium tyre from his team mate Nico Rosberg, who used a different two-stop strategy to finish the race on the faster soft tyre. Despite having a tyre that was theoretically slower, Hamilton was able to hold off Rosberg – who set the fastest lap – to take back-to-back victories
2014 Bahrain Grand Prix – Qualifying FIRST QUALIFYING SESSION OF 2014 HELD IN DRY WEATHER FROM START TO FINISH EXTRA SET OF TYRES FOR Q3 ENSURES CONSTANT RUNNING IN EVERY SESSION RECHARGING OF NEW POWER UNITS MEANS TYRES HAVE TO DELIVER OVER JUST ONE FLYING LAP Held for the first time in the evening, the Bahrain Grand Prix also hosted the first completely dry qualifying session of 2014 from start to finish, allowing the teams to make full use of their allocation of P Zero White medium and P Zero Yellow soft tyres. With free practice revealing a gap of more than a second between the medium and soft compounds, the priority for the frontrunners was to get to Q3 while keeping as many sets of the softer compound fresh for the race as possible.
PIRELLI SUMMARISES 10 KEY TYRE POINTS AFTER FIRST TWO GRANDS PRIX OF 2014 REDUCED GRAINING, AQUAPLANING, MARBLES AND FLAT SPOTS. MORE GRIP, PERFORMANCE AND CARS OUT ON TRACK VERY STABLE SOFT TYRES IN BAHRAIN: POSSIBLE TWO-STOP STRATEGIES FOR THE RACE Bahrain, April 4, 2014 – Pirelli motorsport director Paul Hembery summarised 10 key tyre points for 2014 between the two free practice sessions at the Bahrain Grand Prix, where the P Zero White medium and P Zero Yellow soft tyres have been nominated. 1
EU COMMISSION’S DECISION RULES OUT PIRELLI’S PARTICIPATION IN THE ALLEGED CARTEL. PIRELLI INVOLVED ONLY WITH “PARENTAL LIABILITY” WITH RESPECT…
3D animated video by Pirelli describing Sakhir Circuit – from a tyre point of view.
P ZERO WHITE MEDIUM AND P ZERO YELLOW SOFT TYRES FOR ONE OF THE MOST SEVERE CIRCUITS OF THE YEAR IN TERMS OF TARMAC ROUGHNESS TEMPERATURE DROP OF 15 DEGREES POSSIBLE THROUGHOUT THE EVENING RACE FIRST IN-SEASON TEST OF THE YEAR STRAIGHT AFTER BAHRAIN GRAND PRIX: CATERHAM, MERCEDES AND WILLIAMS WILL EACH DEVOTE ONE DAY TO TYRE TESTING Pirelli, along with all the Formula teams, tested at the Sakhir circuit twice in the build-up to the season – so this should be a circuit that everybody knows well. However, to celebrate its 10th anniversary, the race has been given a 6pm start time for the first time in its history, meaning that it will start at sunset and end in full darkness: a bit like the Abu Dhabi Grand Prix. This will have an important effect on the behaviour of the P Zero White medium and P Zero Yellow soft tyres that have been nominated for the race.
LOW GRAINING AND NO BLISTERING DESPITE EXTREME HEAT OF MALAYSIA MERCEDES ONE-TWO AFTER A RACE REVOLVING ROUND TYRE STRATEGY DEGRADATION IN LINE WITH EXPECTATIONS ON A HIGHLY ABRASIVE CIRCUIT Malaysia, one of the toughest tests of the year for tyres because of its high temperatures and an abrasive surface, demonstrated the reduced graining and increased durability of this year’s Pirelli tyres, with no blistering despite track temperatures that peaked at 46 degrees centigrade. Just 15 drivers finished the grand prix, underlining the rate of attrition.
2014 Malaysian Grand Prix – Qualifying DRIVERS WITH FREE CHOICE OF STARTING TYRESFOLLOWING RAIN-HIT QUALIFYING BETWEEN TWO TO THREE PIT STOPS ARE LIKELY IF CONDITIONS STAY DRY NO AQUAPLANING AND GOOD DURABILITY CONFIRMED FOR THE WET WEATHER TYRES IN THE UNIQUE CONDITIONS OF MALAYSIA Sepang, March 29, 2014 – Despite a rain-hit qualifying in Sepang, track and ambient temperatures remained high today with the asphalt between 27 and 30 degrees centigrade throughout the delayed sessions. Even though the surface in Malaysia is notoriously abrasive, the Cinturato Green intermediate and Cinturato Blue full wet tyres (which are both formed of a soft compound) exhibited very little wear. For the second consecutive grand prix of 2014 there was a wet qualifying, but the monsoon-like downpour in Malaysia was heavy enough to delay the session for nearly an hour in very different conditions to Australia.
NEW P ZERO ORANGE HARD DEBUTS IN MALAYSIA TO FACE HIGH TEMPERATURES AND ABRASIVE ASPHALT PERFORMANCE GAP OF 1.0-1.2s BETWEEN HARD AND MEDIUM TYRES SO FAR PLENTY OF NON-F1 RUBBER ALREADY ON SEPANG CIRCUIT This year’s Formula One tyres faced extreme conditions during today’s two free practice sessions for the Malaysian Grand Prix: track temperatures that peaked at 49 degrees centigrade and very abrasive asphalt. Tyre wear and thermal degradation were in line with expectations and the top seven in FP2 were covered by four-tenths of a second, setting the scene for a closely fought race. The P Zero Orange hard tyre, completely revised from last year’s version, took to the track for the first time this year.
Only the most powerful cars can give you a pure driving experience. Every road, every path needs safety and control. Perfection is the aim because details make all the difference.
RESULTS IN LINE WITH 2013 TARGETS PROFITABILITY 13%, ROI 20% 2013 REVENUES +8.4% EXCLUDING EXCHANGE RATE IMPACT PREMIUM VOLUMES +15.3% IN 2013, BETTER THAN TARGET OF “ABOVE 13%”, +27.5% IN Q4 ELEVATED NET CASH GENERATION, 232.4 MILLION IN 2013 (TARGET OVER 200 MILLION), IN Q4 NET CASH GENERATION 648.5 MILLION EURO PIRELLI & C. SPA 2013 Results REVENUE 6,146.2 MILLION EURO (+1.2% COMPARED WITH 6,071.5 MILLION IN 2012), AN INCREASE OF 8.4% EXCLUDING EXCHANGE RATE IMPACT PREMIUM REVENUE 2,210.0 MILLION EURO (+6.5% COMPARED WITH 2,075.4 MILLION IN 2012) TOTAL VOUMES +5.7%, PREMIUM VOLUMES +15.3%, INDUSTRIAL VOLUMES +8.7% EBIT 791.0 MILLION EURO (IN LINE WITH 792.5 MILLION IN 2012) EBIT MARGIN 12.9% (13.1% IN 2012) NET PROFIT 306.5 MILLION EURO (391.5 MILLION IN 2012) DISCOUNTS INCOME FROM EQUITY PARTICIPATION AND NET FINANCIAL CHARGES NET FINANCIAL POSITION NEGATIVE 1,322.4 MILLION EURO (1,970.9 MILLION EURO ON 30 SEPT. 2013 AND 1,205.2 MILLION EURO ON 31 DEC.
Fort du succès des P Zero™ Experience depuis 2010, Pirelli renouvelle les P Zero Experience. Le manufacturier italien propose en 2014 trois événements communautaires sur circuit pour les passionnés d’automobiles propriétaires de GT.
3D animated video by Pirelli describing Sepang International Circuit from a tyre point of view.
P ZERO ORANGE HARD TYRE MAKES ITS DEBUT ALONGSIDE P ZERO WHITE MEDIUM MALAYSIA: ONE OF THE HOTTEST AND TOUGHEST RACES ON VERY ABRASIVE ASPHALT INCREASED WATER EVACUATION FROM CINTURATO BLUE WET IN CASE OF HEAVY RAIN The new world of Formula One, with its new tyres, faces its toughest test yet in Malaysia: a circuit well-known for abrasive asphalt and extreme weather, which ranges from intense heat to monsoon-like downpours. To cope with these demanding conditions, the two hardest tyres in the range have been nominated: P Zero Orange hard and P Zero White medium.
2014 Australian Grand Prix – Race TWO PIT STOPS FOR THE OPENING GRAND PRIX OF A BRAND NEW ERA MARBLES, GRAINING AND BLISTERING ALL REDUCED COMPARED TO LAST YEAR Melbourne, March 16, 2014 – As predicted by Pirelli, the Australian Grand Prix concluded with two pit stops, generally following a soft-soft medium strategy that was chosen by race winner Nico Rosberg (Mercedes) as well as the two other podium finishers: Daniel Ricciardo (Red Bull) and Kevin Magnussen (McLaren). The ‘marbles’ and blistering phenomenon have been greatly reduced, along with graining. In fact this was seen only on the front-left tyre of a few cars: including that of Rosberg
CINTURATO BLUE WET ON POLE, CINTURATO GREEN INTERMEDIATE SECOND MORE RAIN LIKELY TOMORROW, WITH A WIDE RANGE OF STRATEGIES The first qualifying session of the year marked the debut of Pirelli’s new wet-weather tyres: the Cinturato Blue full wet and the Cinturato Green intermediate. These tyres claimed pole and second place respectively, on the Mercedes of Lewis Hamilton and the Red Bull of Daniel Ricciardo. Up until today, the wet-weather tyres had not run, with the exception of a few laps at the first test of the year on an artificially dampened track in Jerez.
NEW ERA OF FORMULA ONE AND NEW TYRE RANGE MAKES DEBUT IN MELBOURNE TWO SECONDS PER LAP SEPARATE MEDIUM AND SOFT COMPOUNDS NEW TYRE RULES FOR QUALIFYING IN 2014: ONE EXTRA SET IN Q3 Formula One entered a fresh era with the debut of new tyre regulations for 2014 today. The first new rule affects free practice, with the teams now allowed an extra set of tyres to be used in the first 30 minutes of FP1 only: always of the harder compound from the two nominated. Thanks to these new rules there was increased running, a total of 937 laps throughout both sessions today.
3D animated video by Pirelli describing Albert Park’s circuit from a tyre point of view.
The former president of Brazil Luiz Inácio Lula da Silva today visited Pirelli’s headquarters where, accompanied by Paolo Dal Pino, the chairman of Pirelli Latin America, he was received by the Company’s Board of Directors and by the Chairman and CEO Marco Tronchetti Provera. During the meeting, President Lula visited the group’s main Research & Development centre where every type of Pirelli tyre is devised and tested, and he met with some workers’ representatives.
PIRELLI’S SECOND THREE-YEAR FORMULA ONE CONTRACT GETS UNDERWAY IN MELBOURNE WITH A BRAND NEW RANGE OF P ZERO TYRES P ZERO WHITE MEDIUM AND P ZERO YELLOW SOFT FACE THE COMPLEX MELBOURNE STREET CIRCUIT NEW P ZERO FORMULA ONE MAGAZINE IS ONLINE: IN THE FIRST ISSUE NEWS, FEATURES AND A BEHIND THE SCENES LOOK AT THE CHAMPIONSHIP Following three pre-season tests during which the teams tried out their radical new cars for the first time, the 2014 Formula One season begins in Australia with a complete range of new tyres. With a far-reaching set of fresh regulations in 2014, this is the fourth brand new range of Formula One tyres in as many years from Pirelli, underlining the Italian’s firm’s unprecedented emphasis on technological development. Pirelli has nominated the P Zero White medium and P Zero Yellow soft compounds this weekend, which are best suited to the Melbourne street circuit
PIRELLI AND FORMULA ONE TEAMSAGREE 2014 IN-SEASON TYRE TEST SCHEDULE Milan, March 7, 2014 – Following the agreement between Pirelli and the 11 Formula One teams, with the approval of the FIA, here is the schedule of the dedicated days (one per team) that each team will devote to tyre testing this year, within the existing 2014 in-season test calendar. Bahrain test (8-9 April) Day1 CATERHAM Day2 MERCEDES and WILLIAMS Barcelona test (13-14 May) Day1 SAUBER and TORO ROSSO Day2 McLAREN and FORCE INDIA Silverstone test (8-9 July) Day1 FERRARI and LOTUS Day2 RED BULL and MARUSSIA The agreement, which was finalised during the final pre-season Bahrain test (from 27 February to 2 March), stipulates that each team will devote one day per year exclusively to testing the latest products and developments from Pirelli, within the framework of the existing test calendar.
These two rounds will now officially be called the FORMULA 1 GRAN PREMIO DE ESPAÑA PIRELLI 2014 (May 8-11) and the FORMULA 1 PIRELLI MAGYAR NAGYDÍJ 2014 (July 24-27). This latest initiative underlines Pirelli’s commitment to Formula One, under the current supply contract that runs through to 2016.
PIRELLI ANNOUNCES TYRE CHOICE FOR FIRST FOUR GRANDS PRIX INCREASED PERFORMANCE GAP BETWEEN HARD AND MEDIUM, AND MEDIUM AND SOFT COMPOUNDS LESS DEGRADATION, ZERO BLISTERING, AND VERY LITTLE GRAINING SHOWN IN BAHRAIN At the end of the third and final pre-season test, held in Bahrain, Pirelli has announced the compounds that will be used for the first four races this year: Australia P ZERO WHITE MEDIUM and P ZERO YELLOW SOFT Malaysia P ZERO ORANGE HARD and P ZERO WHITE MEDIUM Bahrain P ZERO WHITE MEDIUM and P ZERO YELLOW SOFT China P ZERO WHITE MEDIUM and P ZERO YELLOW SOFT These choices have been made to reflect the characteristics of each circuit and the all-new 2014 cars, bearing in mind all the data that has been obtained from the three pre-season tests. The teams were able to complete their assessment of Pirelli’s new compounds over the last four days in Bahrain, with the final test finishing today exactly two weeks before the start of the opening grand prix of the season. Consequently, many teams focussed on qualifying and race simulations.
THE TWO GROUPS ENTER LONG-TERM SUPPLY AND PRODUCT DEVELOPMENT AGREEMENTS AS PIRELLI FOCUSES RESOURCES ON PREMIUM TYRE ACTIVITIES Pirelli & C. SpA and Bekaert have signed an agreement for the sale by Pirelli of 100% of its steelcord activities to Bekaert for a total consideration (enterprise value) of around 255 million euro.
BOARD APPROVES NEW LONG TERM INCENTIVE PLAN (LTI) FOR EXECUTIVES, TO SUPPORT ACHIEVEMENT OF TARGETS IN 2013/2017 INDUSTRIAL PLAN
TERMINATES OLD LTI PLAN (2012-2014) WITHOUT ANY PAYMENTS The Board of Directors of Pirelli decided to terminate, with effect from December 31st, 2013, the cash Long Term Incentive Plan (LTI) for executives adopted in 2012 to support the targets set for the 3-year period 2012-2014 without any payment, not even pro-quota, of the 3-year bonus. At the same time, the Board approved the adoption of a new plan - always for all executives (about 330 participants) – linked to the targets for the period 2014/2016 contained in the 2013/2017 industrial plan presented on November 6th, 2013, when the guidelines for the new LTI were also provided. The “new” LTI plan was decided upon also in accordance with ’article 2389 of the civil code, at the proposal of the Remuneration Committee and with the favourable opinion of the Internal Auditors, in relation to the subjects for whom such opinions are required.
2014 Official Formula One Test, Bahrain (27 February – 2 March, 2014) PIRELLI TRIES OUT STICKER THERMOMETERS IN BAHRAIN TYRE USAGE PARAMETERS WILL BE MONITORED IN COLLABORATION WITH THE FIA As a result of Pirelli’s collaboration with the FIA to ensure a better monitoring of tyre usage parameters, the Italian firm is trialling a special type of sticker on each tyre tread in Bahrain. These stickers read the maximum temperature reached by the tyre tread while the tyres are being pre-heated by the teams in their tyre blankets. Pirelli prescribes a maximum temperature of 110°C (230°F), which should not be exceeded at any point before the tyre takes to the track.
Preview – 2014 Official Formula One Test, Bahrain (27 February – 2 March, 2014) Final pre-season test gets underway in Bahrain: 30 sets of tyres per car Pirelli presents the 2014 P Zero and Cinturato range Less degradation but similar performance to 2013 New Cinturato Blue Wet:The dispersion of water increases from 60 to 65 l/s (+ 8%) Milan, February 26, 2014 – Teams will get their final chance to test the 2014 P Zero tyres and prepare for the forthcoming Formula One season at the last four-day test in Bahrain this week. Coming straight off the back of the previous four-day test in Bahrain last week, the teams will be able to keep up their testing momentum as they assess the four new slick compounds in the Pirelli range: P Zero Orange hard, P Zero White medium, P Zero Yellow soft and P Zero Red supersoft.
Bahrain Test: Performance of P Zero tyres in line with expectations The Formula One teams have been able to complete more testing distance with Pirelli’s new 2014 range of tyres in Bahrain, as they begin to get a better picture of how the latest tyres interact with the radically different new cars. A number of teams were able to complete race simulations, as well as qualifying and pit stop practice, assessing every aspect of tyre usage. Weather conditions remained dry and warm, in the region of 20 degrees centigrade or higher: temperatures that are much more representative of the season as a whole.