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Stellantis chairman denies merger talks with Renault - Finance news and analysis from Global Banking & Finance Review
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Stellantis chairman denies merger talks with Renault

Published by Global Banking & Finance Review

Posted on May 15, 2025

1 min read

· Last updated: May 15, 2025

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Stellantis Chairman Refutes Renault Merger Speculation

ROME (Reuters) - Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault.

"We are not discussing any merger," Elkann said at the FT Future of the Car Summit in London, speaking in a panel discussion with Renault CEO Luca de Meo.

The two companies in October already dismissed as rumour and speculation media reports that they may join forces.

Stellantis was created in 2021 from the merger of Fiat-Chrysler with France's PSA, the maker of Peugeot and Citroen. The Franco-Italian company includes the Jeep and Opel brands.

(Reporting by Alvise Armellini, editing by Gavin Jones)

Key Takeaways

  • Stellantis Chairman John Elkann denies merger talks with Renault.
  • Rumors of a merger were dismissed by both companies in October.
  • Stellantis was formed from the merger of Fiat-Chrysler and PSA.
  • The announcement was made at the FT Future of the Car Summit.
  • Stellantis includes brands like Jeep and Opel.

Frequently Asked Questions

What is the main topic?
The main topic is Stellantis Chairman John Elkann denying merger talks with Renault.
What did John Elkann say about the merger?
John Elkann stated that Stellantis is not discussing any merger with Renault.
Where was the announcement made?
The announcement was made at the FT Future of the Car Summit in London.

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