Stellantis Chairman Denies Merger Talks with Renault

Stellantis Chairman John Elkann has firmly denied rumors of a merger with French automaker Renault, stating at the FT Future of the Car Summit in London that "we are not discussing any merger." Both Stellantis and Renault previously dismissed such speculation in October amid Stellantis' financial struggles and industry competition. Stellantis, formed in 2021 from the merger of Fiat-Chrysler and PSA Group, currently operates 14 automotive brands and has faced challenges including declining sales, tariff uncertainties, and leadership changes. Renault is also navigating difficulties, including a strained alliance with Nissan and Mitsubishi. Despite media reports and speculation fueled by economic pressures and government interest, both companies maintain that no merger talks are underway. Stellantis continues to focus on internal restructuring efforts such as product lineup adjustments, workforce buyouts, and reviving certain vehicle models.