Stellantis will "shut down" brands that don't make enough money

Analysts suggest group could look to sell Maserati after it reported an €82 million adjusted operating loss

Stellantis could sell off underperforming brands, boss Carlos Tavares warned, after the automotive powerhouse posted heavily downturned profits for the first half of the year. "If they don't make money, we will shut them down. We cannot afford to have brands that do not make money," he told reporters. The parent company of Peugeot, Vauxhall, Fiat and more saw profits slump 48% on H1 2023 to €5.6 billion .

Stellantis does not release figures for any of its other brands This, analysts suggest, could see the Italian sports car maker put up for sale by Stellantis, reports Automotive News Europe. DS and Lancia, which only marginally contribute to overall group sales, could also be on the chopping block, the same analysts add. “The brands are here to be leveraged," he told Bloomberg Television. "If they are not able to monetise the value that they represent, then decisions will come.

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