Currently reading: Stellantis won't sell Maserati despite CEO's "shut down" warning

Analysts suggested the group could look to offload the Italian sports car maker after an €82 million adjusted operating loss

Stellantis will not sell the Maserati brand, it has today confirmed, in spite of CEO Carlos Tavares’ earlier warning he would “shut down” underperforming car makers.

On Monday, Tavares told reporters: "If they don't make money, we will shut them down.” He added: “We cannot afford to have brands that do not make money.”

He also told Bloomberg Television: “The brands are here to be leveraged. If they are not able to monetise the value that they represent, then decisions will come."

This came after profits for the group – which also owns Peugeot, Vauxhall, Fiat and others – slumped

Register for free to access this article
  • Instant access to all Autocar Business news
  • Regular email newsletters
See all benefits here