Maserati to remain in Stellantis stable, despite CEO threat

AutoExec Summary
Stellantis has clarified that it has no intention of selling off struggling brands such as Maserati, despite CEO Carlos Tavares’ warning that underperforming brands may be shut down. The company reaffirmed its commitment to Maserati’s future, including plans for electrification and new vehicle models. The statement also emphasized the company’s commitment to its entire portfolio of 14 brands, despite falling sales and profitability. Tavares had previously stated that the company would not hesitate to axe underperforming brands contributing to a 40% income decrease in the first half of the year.

Brands mentioned: Stellantis, Maserati, Ferrari, Lancia, DS, Jeep, Dodge, RAM, Fiat, Alfa Romeo, Peugeot, Citroen, Quattroporte, Levante.