The merger between Stellantis and Renault will not happen, at least for now. To deny the speculations according to which the group led by Carlos Tavares should have formed a partnership with Losanga were denied by the company itself born from the union of FCA and PSA, through the mouth of president John Elkann who thus closed the discussion on the matter .
No fusion
“There is no plan under consideration to merge with other manufacturers”Elkann said in a statement, underlining that the group is currently committed to a plan “which brings together the Italian government with all stakeholders of the automotive industry to achieve important common objectives to address the challenges of the electric transition”. In recent weeks Stellantis and the Italian Government have had some friction, due to the group's work with the factories active in our country and with the workforce.
The controversies between Stellantis and the State
To fuel the rumors of a possible merger between Stellantis and Renault, some press outlets spoke of possible interference by the French state, shareholder of the group led by Carlos Tavares. Paris would in fact be thinking of a union between the two entities to strengthen leadership in the electric vehicle sector. The news sent a shock to the markets, with Renault shares rising only to then take a step back after Elkann's denial.
Merger unlikely
As reported by Automotive News Europe, some analysts have highlighted how an operation of this magnitude would face various problems, starting with those related to competition. In fact, the Antitrust would have something to do with the obvious overlap of the two companies, especially in France. Rumors of a possible merger had emerged in recent days, when Tavares had raised the problems linked to the entry of the Chinese into the European market.
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