Reported 3 months ago
Stellantis CEO Carlos Tavares has hinted at possible drastic measures, including the elimination of underperforming vehicle brands, following a significant 48% drop in net profit. Tavares, who initially committed to investing in all 14 brands for a decade, may now prioritize profitability, leading to speculation about which brands like Lancia and Alfa Romeo could face discontinuation. Analysts suggest that Maserati, with its substantial losses, might also be on the chopping block, marking a significant shift in the automotive landscape.
Source: YAHOO