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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