The smart way to stay ahead in the automotive world

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The smart way to stay ahead in the automotive world

Jeep, Maserati parent says it’s willing to dump some of its less successful brands

26 July 2024, 12:55 pm

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AutoExec Summary
Stellantis CEO Carlos Tavares has warned of potential changes within the automotive giant. Despite all brands currently being profitable, he emphasized the need for strategic adjustments. The company’s first-half financial results were disappointing, with Maserati facing particular challenges. To revitalize its portfolio, Stellantis is investing in core models for each brand and exploring potential partnerships or divestments. While the company is optimistic about the future, it faces hurdles in areas like R&D and marketing.

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

 

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