Recently Stellantis and Renault Rumors of a possible merger between the two companies were on the agenda. However, the CEOs of the two companies firmly rejected these accusations. Carlos Tavares, CEO of StellantisHis statement during a factory visit on October 3 raised merger speculationtotally unfoundedhe emphasized. Speaking at an event in Paris the same day, Renault CEO Luca de Meo also declined to comment on the matter, describing the allegations as “gossip”.

rumors of a merger The source came from the Italian newspaper Il Sole 24 Ore. According to the newspaper, intense competition in the automotive industry creates the need for such collaborations. In particular, he stated that the difficulties faced by traditional car manufacturers could lead to this search.

What will be Tavares and De Meo’s agenda?

Stellantis also announced this week that it has lowered its 2024 profit forecast and will spend more money than expected in the US market. Shares have fallen more than 55 percent since March. European car shares showed the worst performance among them. The company’s total valuation fell by 47 billion euros during this period. French governmentIn addition to being Renault’s largest shareholder, it also has a stake in Stellantis.

Tavares and De Meo will meet at the auto show to be held in Paris on October 14. De Meo stated that he would greet Tavares at the event. Merger of Renault and Stellantis about the allegations are officially denied However, the uncertainties created by the dynamics and competitive environment in the automotive industry ensure that such rumors remain on the agenda. We will closely monitor developments.