Stellantis Scraps Maserati’s Electrification Plans
Automaker Writes Off €1.5 Billion Investment Amid Falling Profits and Delayed EV Models
Stellantis announced it has written off a €1.5 billion ($1.57 billion) investment in Maserati’s electrification efforts. This decision, confirmed by Stellantis Chief Financial Officer (CFO) Doug Ostermann during a recent earnings call, signals a major shift in the brand’s strategy, which initially aimed for full electrification by 2030. Maserati’s plans to offer all-electric versions of its models, including the highly anticipated MC20 Folgore sports car, have now been put on hold.
Stellantis Scraps Maserati's Electrification Plans
Stellantis announced it has written off a €1.5 billion ($1.57 billion) investment in Maserati's electrification efforts. This decision, confirmed by Stellantis Chief Financial Officer (CFO) Doug Ostermann during a recent earnings call, signals a major shift in the brand’s strategy, which...
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