The French government guarantees that it continues to support the Renault Group’s strategy to remain an autonomous company, with various industrial and technological partnerships, and far from a possible merger with Stellantis, as reported by “Automotive New Europe,” citing a source from the French Ministry of Finance.
Speculations about a possible merger with Stellantis arose last weekend, with the Italian newspaper “Il Messaggero” reporting that the French government, the largest shareholder of Renault and holding a stake in Stellantis, was studying the possibility of a merger between the two groups.
However, Stellantis President John Elkann denied this possibility on Monday, responding to media speculation about a possible partnership with the Renault Group, which declined to comment.
It is worth noting that the French government is a strong supporter of Luca de Meo, CEO of Renault, who last year created the Ampere division as part of the Renaulution strategy. The new electromobility and software development company will design, manufacture, and market passenger electric vehicles under the Renault brand in Europe to counter the advances of Chinese manufacturers.
Ampere already brings together 11,000 employees, 35% of whom are engineers, and has 11 facilities in France, including 4 industrial centers: ElectriCity, composed of three factories in Douai, Maubeuge, and Ruitz, and Cléon.
