Stellantis could ‘shut down’ underperforming brands

AutoExec Summary
Stellantis, formed after the merger of Fiat Chrysler Automobiles and Groupe PSA, may axe underperforming brands in its portfolio, as CEO Carlos Tavares stated brands operating at a loss will be shut down. The group, consisting of 15 brands including Alfa Romeo, Chrysler, Citroen, Fiat, Jeep, Maserati, Opel, Peugeot, and Ram, reported a disappointing first half of 2024 with a decrease in net revenue and profit. Maserati, with an 82 million Euro operating loss, could be targeted for sale. Tavares previously stated all brands would be given a 10-year lifeline to prove viability.

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