Renault says bigger is not better as Stellantis stokes M&A talk

Renault CEO Luca De Meo — Luca De Meo. (BLOOMBERG)

By:

Bloomberg

February 16, 2024 09:41 AM

Bigger is not necessarily better in the auto industry, Renault CEO Luca de Meo said, putting the automaker at odds with his rival Stellantis on the subject of industry consolidation.

Featured Stories

Trump to announce new tariffs as industry preps for auto levies

Trump tells Cabinet, others that Elon Musk will leave soon, report from Politico says

Amazon’s used-vehicle interest could threaten listings companies

Top 150 dealership groups at a glance: Who gained, who slipped and what’s new

Latest News

Livestream: President Trump unveils his global tariffs plan at 4 p.m. ET

Live updates on tariffs: Trump to announce plan Wednesday afternoon

Stellantis-backed Leapmotor becomes top-seller among Chinese EV startups in March

Trump tells Cabinet, others that Elon Musk will leave soon, report from Politico says

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Vancouver auto show boss on Tesla’s removal and whether it’s welcome back

GM’s ‘woefully underutilized’ CAMI plant ideal spot for joint GM-Hyundai vans, analyst says

Trump tariffs will force Europe’s automakers to rethink strategy, ACEA says

Porsche, Mercedes face $3.7B hit from U.S. auto levies

Staying current is easy with newsletters delivered straight to your inbox.