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Stellantis not looking for further mergers, including with Renault

MILAN — Stellantis Chairman John Elkann on Monday denied the carmaker was hatching merger plans, responding to press speculation about a possible French-led tie-up with rival Renault. Elkann said that the Peugeot owner, the world's third largest carmaker by sales, was focused on the execution of its long-term business plan. "There is no plan under consideration regarding merger operations with other manufacturers," said Elkann, who also heads Exor, the Agnelli family holding company that is the largest single shareholder in Stellantis. After abandoning the Russian market, at the time its second largest after France, and reducing the scope of its global cooperation with Nissan, Renault has been seen as a potential M&A target. Speculation intensified after an electric vehicle market slowdown forced it last week to cancel IPO plans for its EV and software unit Ampere. Its market cap remains stubbornly low at little over 10 billion euros ($10.8 billion) despite a financial recovery over the past few years. Stellantis, the product of a 2021 merger between France's PSA and Fiat Chrysler and one of the most profitable groups in the industry, has a market cap of more than 85 billion euros when unlisted shares are factored in. It has a 14 brand portfolio also including Citroen, Jeep, Opel and Alfa Romeo. NEWSPAPER REPORT Italian daily Il Messaggero had said on Sunday that the French government, which is Renault's largest shareholder and also has a stake in Stellantis, was studying plans for a merger between the two groups. A spokeswoman for Renault said on Monday the group did not comment on rumors. France's Finance Ministry had declined to comment on Sunday. Stellantis has crossed swords with the Italian government, which has accused it of acting against the national interest on occasions. Industry Minister Adolfo Urso last week raised the prospect of the Italian government taking a stake in Stellantis to help to balance the French influence. Renault shares pared gains after Elkann's comments to stand 1.2% higher by 1220 GMT, having initially risen more than 4%. Stellantis CEO Carlos Tavares, a Portuguese-national, last week said in an interview with Bloomberg that the group was "ready for any kind of consolidation" and that its job was to make sure that it would be "one of the winners". Analysts, however, question the rationale of a Stellantis-Renault merger, which would also expand the group's excess capacity in Europe.

The final-year Viper special editions sold out so fast Dodge is adding more

Viper collectors don't mess around. After Dodge opened ordering for its 25th anniversary 2017 Viper models – some of the last ones that will be built – all of the cars were spoken for in just five days. The company managed to sell 206 cars, an average of about 41 per day. Compare that to the 241 Vipers sold through May of this year and you can see why special editions make good business sense. Demand was so strong that Dodge will add a sixth special-edition for the Viper's last year of production. Within the group of five initial special packages, the winner was the 1:28 Edition ACR; all 28 went in 40 minutes. Dodge sold the 31 VooDoo II Edition ACRs in two hours, while 25 Snakeskin Edition GTCs and 100 GTS-R Commemorative Edition ACRs took two days to sell out. The 22 Dodge Dealer Edition ACRs took five days – apparently the dealers were too busy taking orders for the other 184 cars they didn't have time to order their own. The additional anniversary car is called the Snakeskin ACR. Dodge will build "up to" 31 of them, which we're pretty sure means exactly 31 if the previous demand is any indicator. The count matches the 2010 run of Snakeskin ACRs and will take the final-edition total to 237. We don't have any photos of that one yet, but you can get a good idea of what it will look like from the Snakeskin GTC. This one features Snakeskin Green paint, obviously, with a custom snakeskin-patterned SRT stripe, the ACR Package, the Extreme Aero Package, carbon-ceramic brakes, the ACR interior, a serialized Snakeskin badge on the instrument panel, and a custom car cover with the owner's name by the door. It will be available to order in the middle of this month, which means it will be sold out well by the end of the month. Chances are these and many of the others will go to mega-collectors like Wayne and D'Ann Rauh of Texas, who, at last count, owned 79 Vipers. Seventy-nine. Like we said, Viper collectors don't mess around. Related Video:

Dodge Charger SRT Widebody spied filming a commercial

The voice you hear in the video just below appears to be from Instagram user eviil_srt, and as you can tell, he's quite the Mopar superfan. Thing is, the car you see in that video appears worthy of such a fan's adoration. It's clearly a Dodge Charger Widebody, a vehicle that we've been anxiously awaiting ever since it was revealed in prototype form by Mark Trostle, head of design for Dodge and SRT, at Spring Fest 14. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Actually, we've been seeing hints of the wide Charger far longer than that – it was spotted testing on public roads before its officialish debut, and even prior to that, the car's rumored existence had the Internet rumbling with the force of a 700-plus-horsepower supercharged Hemi V8 for months. All that preamble brings us back to the present and the aforementioned Instagram post, in which this upcoming production Widebody was spotted presumably filming for an official television commercial debut. Note the body-color license plate on the Charger Widebody in the video, which indicates it's probably being used for an official purpose by Dodge. It's a short clip, but just long enough that we can clearly make out a big rear wing, vented bumper cover, and deep diffuser punctuated by large dual exhaust tips. We also see some extremely wide tires front and rear, which makes sense considering that there's very likely a whole corral's worth of ponies underhood. The current Dodge Challenger Widebody style is offered on the 485-horsepower R/T Scat Pack trim level, the SRT Hellcat trim level that bumps horsepower all the way to 717, and, for buyers who really hate their rear tires, the 797-hp Hellcat Redeye trim level. Dodge hasn't yet extended the excessively powerful Redeye engine to the Charger line, but the other two levels seem likely. And who knows – the Widebody's introduction might be the perfect opportunity to build a Charger Redeye. In any case, the fact that Dodge is filming commercials indicates that we won't have to wait much longer to find out for sure.