Stellantis and Renault deny merger rumours | Car News

Rumours of a possible merger between Stellantis and the Renault group surfaced recently and have, understandable, caused quit a fuss.

Stellantis CEO Carlos Tavares, CEO dismissed the reports as “pure speculation” during a visit to one of the group's plants in eastern France, as reported by Automotive News. There has been speculation since earlier this year of a possible merger, but that was rekindled via an article published this week by an Italian newspaper. Il Sole 24 Ore reported that discussions concerning a merger between the two companies had become more persistent. The economies of scale of a potential merger were seen as a possible solution to managing the fierce competition experienced by all manufacturers across the industry.

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Markets React to Japan's New Hawkish Leader, ECB Inflation Miss, and Stellantis-Renault Merger SpeculationGlobal markets experienced significant volatility today following the election of a hawkish leader in Japan, an unexpected drop in inflation for France and Spain, and revived speculation about a merger between Stellantis and Renault. Japanese Yen strengthened sharply after Ishiba's victory, while Nikkei futures plummeted. Meanwhile, the ECB's dovish stance amid weakening inflation data fueled bets on further rate cuts.
Source: FXStreetNews - 🏆 14. / 72 Read more »