Buoyed by recent reports that Maserati may be up for sale, Stellantis issued a statement on Tuesday denying any plans to divest the Italian luxury brand.
“Stellantis reaffirms its unwavering commitment to the bright future of Maserati as the unique luxury brand among the 14 Stellantis brands,” the automaker said in its statement. Reuters reported.
Most reports on the Maserati sale cited comments made by Stellantis CEO Carlos Tavares and CFO Natalie Knight during a call after the automaker released its first-half financial results on July 25. The results showed a 48% decline in net profits year over year.
Tavares, who in 2021 gave each of Stellantis’ 14 brands a 10 year commitmentsaid in the call that brands that do not make a profit will be discardedwhile Knight said there may come a time when Stellantis will consider “what is the best home” for Maserati.
Stellantis does not provide individual results for each of its brands, except Maserati, whose deliveries were just 6,500 units in the first half of 2024, down from 15,300 last year.
Maserati also reported an operating loss for the period of 82 million euros ($89 million), down from a profit of 121 million euros ($131 million).
Maserati has a new product in the form of the Grecale compact crossover and the redesigned GranTurismo, both of which offer buyers the choice between gas and electric powertrains. All future models are expected to be electric-only, starting with a redesigned Quattroporte which was originally due to be delivered this year but may now not arrive until 2025.