More articles

Stellantis and Renault Deny Merger Rumours

Rumours of a possible merger between Stellantis and the Renault group surfaced recently and have, understandable, caused quit a fuss.

However, if the heads of the two companies are to be believed, the whole thing is much ado about nothing.

Stellantis CEO Carlos Tavares, CEO dismissed the reports as “pure speculation” during a visit to one of the group's plants in eastern France, as reported by Automotive News.

Carlos Tavares, on X in June 2024 | Auto123.com

Luca de Meo, Renault's CEO, was even more dismissive, refusing to comment on what he called mere “rumours”.

There has been speculation since earlier this year of a possible merger, but that was rekindled via an article published this week by an Italian newspaper. Il Sole 24 Ore reported that discussions concerning a merger between the two companies had become more persistent. The economies of scale of a potential merger were seen as a possible solution to managing the fierce competition experienced by all manufacturers across the industry.

Read more