In a recent interview with Reuters, Stellantis CEO Carlos Tavares said that the company cannot afford to have brands that are not profitable. This means that some of the 14 brands that are part of the Stellantis group could soon be sold or shut down. One of those who were in a difficult position is Maserati, but Stellantis said that Maserati will stay.

This way of thinking in the company is not surprising since the business results in the first half of the year are devastating. Since the beginning of the year, Stellantis shares have fallen by over 20%, net revenues are down 14 percent, and net profit is down 48 percent. Also, operating income fell by 40 percent. The reason is bad sales results in North America, where 18 percent fewer vehicles were delivered in the first six months than in the same period in 2023.

At the moment, Maserati offers eight models (Grecale, Levante, Ghibli, Quattroporte, GranTurismo, GranCabrio, MC20 and MC20 Cielo), and the Grecale and GranCabrio SUVs are also available as fully electric.

Also, Lancia and DS have the best chance of being shut down in the near future, while Fiat, Opel, Peugeot, Citroen, Jeep and Ram have no reason to worry.

Source: Reuters