Maserati, Jeep parent says it’s sticking behind all 14 of its brands

AutoExec Summary
Stellantis CEO Carlos Tavares hinted at the possibility of off-loading some of the company’s 14 brands, but Stellantis has since denied any plans to do so. The carmaker reaffirmed its commitment to Maserati, its flagship brand, despite disappointing sales and financial losses. Tavares emphasized the importance of profitability, stating that unprofitable brands may be shut down in the future. Stellantis reported a decline in net profit and operating margin for the first half of the year, attributing it to high R&D expenses and operational flaws. Maserati, considered the “crown jewel” of Stellantis, is currently transitioning to electric-only models by 2030. Other brands in the Stellantis portfolio are also undergoing changes to improve profitability.

Brands mentioned: Stellantis, Maserati, Alfa Romeo, DS, Lancia, Chrysler, Abarth, Citroen, Dodge, Fiat, Jeep, Opel, Peugeot, Ram, Vauxhall.