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South America

Pirelli broadens Pessi's reach, names new CEO

In order to facilitate the consolidation and the development of Pirelli leadership in the growing markets in South America, Mauro Pessi has been appointed CEO and president of Pirelli & Cie SpA's South America Region.

Despite record sales, Titan posts net loss

Titan International Inc. posted a net loss of $3 million on net sales of $280.8 million for the first quarter ended March 31, 2011. That compares to net income of nearly $2.1 million on sales of $196.4 million for the same period in 2010.