Stellantis Denies Merger Plans with Renault Amid Speculation

Stellantis Chairman John Elkann refutes rumors of a merger with Renault, emphasizing the company's focus on its long-term business strategy.

Stellantis, the world's third-largest carmaker, has no current plans for merger operations with other manufacturers, including Renault.
Speculation about a potential merger was fueled by Renault's financial struggles and a recent electric vehicle market slowdown.
Stellantis's market cap significantly exceeds Renault's, with the former being one of the most profitable groups in the industry.
The French government, a major shareholder in both companies, was rumored to be considering a merger, but official comments have been declined.
Analysts question the rationale behind a potential merger, citing antitrust obstacles and the lack of significant scale benefits outside Europe.