Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on April 11, 2025

Featured image for article about Finance

MILAN (Reuters) - Carmaker Stellantis remains committed to its ailing luxury brand Maserati even as U.S. tariffs complicate the situation for the automotive industry in general, the brand's head said on Friday.

A spokesman for Stellantis said earlier this week the group had hired consultant McKinsey to advise on the effects of the recently announced tariffs for Maserati and Alfa Romeo as the two brands prepare future plans.

The news reignited speculation about the future of Maserati, which in 2024 more than halved its output to just 11,300 vehicles and went into the red with a 260 million euro ($295.83 million) operating loss.

"Stellantis confirms its commitment towards Italy, its workers and all its brands, including Maserati," Santo Ficili, Maserati's chief executive, said in a letter released by the Uilm Union.

Ficili's letter came as a reply to a public letter by Uilm's head Rocco Palombella, seeking reassurances on Maserati's future.

Ficili, who also heads Stellantis's premium Alfa Romeo brand, said tariffs and unstable international markets added fresh uncertainties to the auto industry's already challenging transition towards electrification and new technologies.

However, "the United States remain a strategic market for Maserati," Ficili said.

Maserati's range currently includes the GranTurismo coupe and its convertible version GranCabrio, the Grecale SUV and the low-volume MC20 sport car. It has no new model launches scheduled, with Stellantis reviewing the brand's business plan after it was put on hold last year.

($1 = 0.8789 euros)

(Reporting by Giulio Piovaccari, editing by Gavin Jones)

Recommended for you

  • Thumbnail for recommended article

  • Thumbnail for recommended article

  • Thumbnail for recommended article

;