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Investing.com -- Stellantis (NYSE:STLA) Chairman John Elkann has categorically dismissed the circulating rumors about the company’s potential merger with the European automaker Renault (EPA:RENA). Elkann confirmed this during his appearance at the FT Future of the Car Summit in London.
In a panel discussion with Renault CEO Luca de Meo, Elkann stated, "We are not discussing any merger." This statement from the Stellantis Chairman is intended to quell the ongoing speculations about a possible merger between the two companies.
This is not the first time such rumors have been addressed by the companies. Back in October, both Stellantis and Renault had already refuted media reports suggesting a possible merger, dismissing them as mere rumor and speculation.
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