Stellantis provides clarity: ‘Do not merge with Renault’

There are rumors in Italian media that Stellantis and Renault want to continue in cahoots in the near future. The two are still fierce competitors of each other and that was the case in the past (PSA versus Régie Renault). However, according to the French government, there would be benefit in merging the two to combat growing competition from China. to cope with. According to Il Messaggero the French government, as a major shareholder of Renault, would push for this.

Stellantis has now announced through chairman John Elkann that Stellantis itself has no plans whatsoever. Reuters quotes Gianni Agnelli’s grandson: “There is no plan on the table to merge with other manufacturers.” The rumors about a possible merger were fueled by another Stellantis leader, CEO Carlos Tavares. He stated Autonews last week that mergers may be necessary to cope with the rise of Chinese manufacturers in the transition to an electric model range. He extensively shared his vision of Renault. Tavares finds Renault vulnerable due to its limited size and now sees growing Chinese dependence at Renault. Furthermore, Tavares is certainly not in favor of working on EV development through a separate division (Renault’s Ampère branch).