financetom
Business
financetom
/
Business
/
Stellantis chairman denies merger talks with Renault
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stellantis chairman denies merger talks with Renault
May 26, 2025 8:43 AM

ROME (Reuters) - Stellantis ( STLA ) 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 ( STLA ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Teamsters President Calls for Leadership Change at Norfolk Southern
--Teamsters President Calls for Leadership Change at Norfolk Southern
Apr 25, 2024
10:51 AM EDT, 04/25/2024 (MT Newswires) -- Price: 233.77, Change: -2.45, Percent Change: -1.04 ...
Why Tractor Supply Company Shares Are Falling After Q1 Earnings
Why Tractor Supply Company Shares Are Falling After Q1 Earnings
Apr 25, 2024
Tractor Supply Company ( TSCO ) shares are trading lower after the company reported first-quarter earnings per share of $1.83, beating the analyst consensus of $1.71.  Quarterly revenues of $3.395 billion were in line with the estimates, rising 2.9% year over year.  Comparable store sales, which increased 1.1%, slowed compared to the prior year  (2.1% growth for the previous year’s first quarter). New store...
Market Chatter: Amazon.com Ordered to Comply with US Labor Department Subpoena for Anti-Union Travel Costs
Market Chatter: Amazon.com Ordered to Comply with US Labor Department Subpoena for Anti-Union Travel Costs
Apr 25, 2024
10:45 AM EDT, 04/25/2024 (MT Newswires) -- Amazon.com ( AMZN ) must turn over to the US Labor Department information tied to executives' travel to dissuade employees from unionizing, a federal judge in Seattle ruled Wednesday, Bloomberg reported. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may...
Struggle For Hertz Continues As Stock Loses 23% - Here's Why
Struggle For Hertz Continues As Stock Loses 23% - Here's Why
Apr 25, 2024
Shares of Hertz Global Holdings, Inc ( HTZ ) are trading lower after the company reported first-quarter FY24 sales growth of 1.6% year-on-year to $2.08 billion, beating the analyst consensus estimate of $2.039 billion. Average rentable vehicles increased 10% to 529,232, with 76% vehicle utilization. Total revenue per day (RPD) declined 7% to $56.68. Americas RAC segment revenue increased slightly by 1% whereas the International RAC...
Copyright 2023-2026 - www.financetom.com All Rights Reserved