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Home » Stellantis chairman tamps down speculation of carmaker merger

Stellantis chairman tamps down speculation of carmaker merger

Automaker isn’t considering a plan to merge with other manufacturers

Bloomberg NewsbyBloomberg News
February 5, 2024
in Risk Management
Reading Time: 2 mins read
0
A production floor of the SUSTAINera Circular Economy Hub at Stellantis NV's Mirafiori complex in Turin, Italy, on Thursday, Nov. 23, 2023. Stellantis will invest in hybrid-electric transmission production and recycling activities at its iconic Turin factory thats being retooled into a battery-vehicle hub to help safeguard jobs.

(Photo/Bloomberg)

Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to merge with other manufacturers, Chairman John Elkann said. Elkann, 47, the leader of the Agnelli billionaire family that is the single largest investor in Stellantis, responded on Monday to days of speculation in Italian media […]

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