After months of negotiations, Finland's Nokian Tyres was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed the rules again.

Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized.

The Italian government, which is assessing tyre maker Pirelli's new shareholder agreement, is concerned about plans to allow top shareholder China's Sinochem to appoint more board members and potentially choose future CEOs, two sources said.

U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire & Rubber Co plant in Mexico in the latest "rapid response" probe under North American trade rules.

Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to tyre pollution that is set to surge with the rise of electric vehicles (EVs) and threatens to undermine those cars' green credentials.

Automaker Stellantis has signed a deal with France's Faurecia and Michelin to buy a 33.3% stake in their Symbio joint venture, a fuel cell system maker for hydrogen mobility, the three companies said on Tuesday.

Activist investor Elliott Investment Management L.P. disclosed a large investment in Goodyear Tire & Rubber Co on Thursday and said it wants the company to strengthen its financial position by refreshing the board, selling its stores and conducting an operational review.

Elliott Investment Management L.P. on Thursday sent a letter to Goodyear Rubber & Tire Co calling for "enhanced leadership and oversight", monetization of retail stores and an operational review at the company.

Finland's Nokian Tyres on Tuesday posted a deeper than expected first-quarter loss, hurt by last year's sudden exit from Russia, but reiterated expectations for a return to profit in the second half of the year.

Finland's Nokian Tyres on Tuesday posted a deeper than expected first-quarter loss, hurt by last year's sudden exit from Russia where the group had manufactured much of its product lineup for the European market and beyond.