A few days ago the Italian newspaper The messenger stated in its publication that the French government, which is a key shareholder of both Renaultas well as her Stellarwas drawing her merger of the two groups.
The reason behind this move would be the creating a more powerful forcewhich could stand against the Chinese manufacturers, who have flooded Europe with cheap EVsbut also them German competitors.
Earlier, after all, CEO of Stellanti, Carlos Tavareshad stated that the rise of Chinese automakers, combined with the European Union's effort to phase out MEKs, would created the ideal conditions for such a mergeradding “fuel to the fire” in the discussions of the Italian press.
However, despite his words Portuguese managing director, the official rejecting these claims it didn't take long to come from her side Stellarwith the president of the company, John Elkannto state:
«There is no plan under consideration, regarding the merger of Stellantis with another manufacturer. Stellantis is committed to a plan that brings together the Italian government with all its stakeholders in the automotive industry to achieve important common goals and address the challenges of the electrification transition.”
Although the Renault has not proceeded with any comment on that, h French government made her own statements about it. Source through the Ministry of Finance of France reports that the government continues to support the company's strategy to remain an independent carmaker with multiple partners in the field of industry and technology.
The French car industry already has close relations with them its traditional partners, Nissan and Mitsubishiwhile recently partnered with Chinese Geelythe Aramcothe Google and Qualcomm.
It should be noted that this is not the first time that Renault is on the brink of a mergersince the 2019was close to merging with the then Fiat Chrysler. These plans were, of course, scrapped after Nissan objectionsresulting in its creation Stellantis Group in 2021i.e. its union Fiat Chrysler with the French PSA Group.
Source: Reuters
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