Hyperdrive
Renault Says Bigger Isn’t Better as Stellantis Stokes M&A Talk
- CEO Luca de Meo sees staying nimble as key to succeed on EVs
- Stellantis’ Carlos Tavares has warned of painful consolidation
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Bigger isn’t necessarily better in the auto industry, Renault SA Chief Executive Officer Luca de Meo said, putting the carmaker at odds with his archrival Stellantis NV on the subject of industry consolidation.
While the concept makes sense in mature markets, staying agile is important as new technology evolves and electric-vehicle demand remains volatile, the CEO told Bloomberg Television.