Stellantis And Renault Shoot Down Merger Rumors, But Speculation Isn’t Over

Stellantis and Renault execs firmly rejected merger rumors, calling them mere speculation with no substance. Italian media claimed that the two groups could collaborate to create the Airbus of the car industry. Additionally, it was reported that BMW may join Stellantis and Renault in forming a strategic automotive alliance.

Read: Rumored Merger With Renault Not Happening, Says Stellantis Boss However, while recently speaking with members of the media during a visit to one of the Stellantis factories in eastern France, chief executive Carlos Tavares described the reports as “pure speculation.” Additionally, Renault chief executive Luca de Meo dismissed them as “rumors” while speaking at a company event in Paris. The French government has a vested interest in the future of the Stellantis and Renault brands.

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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.
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