Tavares dismisses Stellantis-Renault merger rumors

Rumours of a potential merger between Stellantis and Renault have been dismissed as “pure speculation” by Stellantis CEO Carlos Tavares and Renault CEO Luca de Meo. Despite reports of talks gaining momentum, both CEOs have refrained from commenting on the matter.

Recent challenges faced by Stellantis, including a cut in its 2024 profit forecast and a substantial drop in stock value, have sparked discussions about the advantages of a merger for both companies in the face of fierce competition in the automotive industry.

Earlier this year, speculations about a possible tie-up between Stellantis and Renault emerged, with reports suggesting that the French government, a major stakeholder in both companies, was exploring the idea of a merger.

Both CEOs are expected to attend the Paris Motor Show on October 14, where they may further discuss the industry landscape and potential collaborations. While details remain uncertain, the dynamic between the two leaders hints at the possibility of exciting developments in the future.