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Stellantis And Renault Has No Plans To Merge
There are rumors that Stellantis and Renault may merge in the future. However, Stellantis says it has no plans for a merger.
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 with each other, and that was the case in the past (PSA versus Régie Renault). However, according to the French government, there would be a benefit to merging the two to combat growing competition from China. According to Il Messaggero, the French government, as a major shareholder of Renault, would be pushing 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 said last week that mergers may be necessary to deal with, among other things, the rise of Chinese manufacturers in the transition to an electric model range. He extensively shared his vision for Renault. Tavares finds Renault vulnerable due to its limited size and now sees growing Chinese dependence on Renault. Furthermore, Tavares is certainly not in favor of working on EV development through a separate division (Renault’s Ampère branch).
