The rumors of a rapprochement between the two are becoming more and more insistent Renault And Stellantiswith some rumors talking about one fusionalthough it seems more plausible a industrial agreement to reduce production costs, especially for electric carsand counter the growing advance Chinese in the field.
The CEO of Stellantis, Carlos Tavaresrecently highlighted the need for a new asset for the European automotive industry, in view of the transition towards electric vehicles.
Renault Stellantis agreement
A large automotive group, made in France, could be born in Europe, with a possible merger between Stellantis and Renault. The hypothesis of an agreement raises questions and generates interest. On the one hand, a European hub similar to a “Airbus” of the car; on the other, the alliance would have a strong French component, but the presence of the Italian manager Luca de Meo could mitigate this aspect.
The possible merger would involve the 15 Stellantis brands and the Renault brands (3 in total with Alpine), with 18 marks and factories spread globally. The possible merger would even be endorsed by the French government Macron.
Electric Car Alliance
The hypothesis that something is born between Renault and Stellantis has been fueled above all by the recent statements of the CEO of Stellantis, Carlos Tavareswho spoke of new collaborations needed to reduce costs in the production of electric cars and to address the pricing challenge on Chinese products.
Stellantis looks at Renault
Tavares has shown interest in Renault's strategy but at the same time doubts about the choice of Luca de MeoCEO of Renault, to separate the activities into two divisions Horse (heat engines) e Amperes (electric cars and software). Renault's refusal to list Ampere on the stock exchange caused Tavares to pay particular attention to this decision.
Renault-Stellantis agreement and merger, what is true?
To date there is nothing concrete on agreements and mergers between Stellantis and Renault. The president of Stellantis, John Elkannstated that there is no plan regarding merger operationsnot even in the study-planning phase, and that the company is mainly focused on the execution of the strategic plan “Give forward“ to strengthen its business in every market, including Italy.
Elkann took the opportunity to confirm the commitment made by Stellantis in the automotive roundtable promoted by Mimit, which involved the Italian government and the players in the supply chain to address the electric transition.
On the other side, Renault chose not to comment rumors and indiscretions, declaring that they have no information on this topic. Despite the denials, the rumors influenced the markets, with Stellantis falling in Piazza Affari and Renault rising in Paris.
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