Now officially: the STELLANTIS concern and the Renault group do not plan to unite

According to Financial Times, the temporary head of the Stellatis concern John Elkann Pressy rumors about a possible merger of companies – he said that negotiations are not underway. At the same time, it was previously reported that the association in the alliance would allow automakers to save in the context of toughened competition in the world market.

Earlier in the spring, insider information was announced that the French government was involved in the plans for uniting companies, which is not only the largest shareholder of Renault, but also owns a share in Stellantis. However, the heads of concerns once again did not confirm the negotiations on the merger.

Stellantis refused to sell Maserati the volume of Stellantis production in Italy has fallen to a minimum since 1956 Nissan will close the factories in Japan photo fact: the Russian Ministry of Defense has another “secret” Renault

Renault is now focused on the reorganization of the alliance with Nissan. The parties have already reduced the cross -owning threshold from 15 percent to 10, while retaining strategic parity. At the same time, Nissan is exempted from investing in the Renault electric unit, and Renault redeems 51 percent of the shares of the joint venture RNAIPL (Renault Nissan Automotive India PVT LTD) with Nissan, becoming its full owner.

As for Stellantis, the other day the concern reduced the prognosis for profit and announced that he would spend more funds than planned to support his business in the United States. After this, the shares of the second largest car manufacturer Europe collapsed by 55 percent, and capitalization decreased by 47 billion euros. This is the worst result among all automobile companies in the EU.

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